How much below 20% will Basle go?
BASLE, SWITZERLAND – Global banking regulators refused to be drawn on what level they now thought was appropriate as a benchmark for operational risk capital charges under the proposed Basle II capital accord.
The Basle Committee on Banking Supervision, the body that in effect regulates international banking, said in late June that its earlier estimate of 20% for the benchmark was too high. It would be reduced in the final version of Basle II that is now due to come into effect in 2005
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