The devil is in the detail, CP3 respondents tell Basel Committee


Basel, Switzerland -- Comments on the op risk portions of the Basel Committee on Banking Supervision's third consultative paper (CP3) were supportive of the overall framework, but highly critical of specific details in the proposal. More than 180 comment letters were posted on the Bank for International Settlements' (BIS)website in late August.

The Committeepublished the responses online relatively quickly -- the deadline for filing them had been the end of July. In contrast, it took three

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