Risk conference panellists issue warnings on US Basel position

“The US position, is, I think, quite extraordinary,” said John Thirlwell, formerly of the BBA and now an executive with the Operational Risk Research Forum in London. “It this really the death of the Basel Committee. It could well be that Basel II is the last Basel that we will see. European capital adequacy directives (CADs) will go on until the crack of doom, there is no doubt about that.” But after the US decision, panellists questioned whether there would be enough political motivation and

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