Hong Kong warns banks to plan for Basle II op risk charges


HONG KONG -- Banks must plan on the basis that the complex Basle II bank accord will go ahead on its revised schedule and that it will include an explicit capital charge for operational risk, a senior Hong Kong bank regulator said in May.

"I know there have been a number of false alarms on the new accord, and that some of the banks here today may be inclined to take a wait-and-see attitude,"said Hong Kong Monetary Authority deputy chief executive David Carse. "To such banks, I would say that the

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