Basle regulators cut op risk charge benchmark to 12%
BASLE, SWITZERLAND -- Global banking regulators formally acknowledged in late September some of the criticisms of their controversial proposal for an op risk capital charge. Their plan is to make large international banks set aside protective capital from 2005 specifically to guard against operational risk.
The Basle Committee on Banking Supervision, the body that in effect regulates international banking, said the benchmark figure on which such a charge would be based would be 12%, down from the
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