Basic shortcomings
The Basle regulators have missed their chances with their latest op risk paper, argues Jacques Pézier
Old bankers used to say: "Changes, even for the better, are always unsettling." The risk management group of the Basle Committee on Banking Supervision continues its fine balancing act on operational risk capital charges: changes should be for the better, but not so drastic as to have significant consequences.
With its ‘CP2½’ working paper on operational risk, published in September, the Basle
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