Op risk rules inadequate says academic
LONDON -- The Basel II capital accord rules regarding operational risks for financial institutions are inadequate, Jacques Pézier, an academic from the University of Reading in the UK told delegates at a conference on Basel II, organised in London by US software firm SAS in September.
Pézier, a visiting professor at the university's Isma Centre, a business school for financial markets, (see Operational Risk January 2002, p12--15) said he would encourage banks "not to look at operational risk
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