Basel Gets Technical On Op Risk
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In a three-day series of private meetings with industry bodies in Washington in mid-May, representatives of the Basel Committee set up a working party to sort out the technicalities of assessing op risk capital charges.
Insiders say that the subjects discussed at the meetings, and the brief that is being developed for the working party, signal that the "box" or "business line" methodology is one of the front-runners in regulatory thinking on op risk quantification.
The meetings gave select
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