CP189: the FSA yet to clarify rules for key op risk issues


LONDON -- UK firms are faced with more questions than answers in the operational risk portions of the latest consultation paper from the FSA, CP189: Report and first consultation on the implementation of the new Basel and EU capital adequacy standards, issued in mid-July. Said an FSA official, "we think waiting here was better than jumping ahead of Basel/EU and UK discussions".

CP189 follows on from discussion paper 13, issued in July 2002, but it does not include information on the FSA’s

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