Capital Charge On Op Risk Inevitable But Banks Win Argument For Flexibility
BASLE--Early next year regulators are expected to announce a tier one capital charge for operational risk. This is despite there being plenty of people who believed it would -- or should -- never happen.
Bankers who have worked closely with the Basle Committee on Banking Supervision say it is likely to recommend three different options for banking supervisors:
• basic indicators (a single proxy
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