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

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

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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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