Regulators study terms for abolishing op risk floor
BASLE, SWITZERLAND -- Global banking regulators have asked their technical experts to look at what kind of conditions need to exist in order to get rid of the floor that limits the potential gains for banks using advanced approaches to measuring op risk under the Basle II banking accord.
The ‘floor’ question is probably the most significant issue still to be resolved in the operational risk aspects of the Basle II capital adequacy accord, now due to come into force in late 2006 or, in practice
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