EU 'five-year delay' to Basel op risk modelling axe

Scrapping op risk modelling in Europe could take five years, say lawyers

Clock close to midnight at new year
AMA's removal may take some time, lawyers say

Enacting the legislation needed to eliminate op risk modelling, in line with an expected proposal from the Basel Committee on Banking Supervision, is likely to be a long and drawn out process in Europe, lawyers warn.

The revamp that would be needed to the fourth Capital Requirements Directive (CRD IV) and the Capital Requirements Regulation (CRR) – the European Union’s version of Basel III – means the changes could take years, they add.

"The fact that you've got operational risk dealt with as it

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