EU likely to meet critics on op risk capital charge


LONDON -- The European Commission’s final proposals on operational risk in investment firms within the Commission’s new capital adequacy framework are likely to meet the objections of critics, UK Financial Services Authority (FSA) managing director Michael Foot said in May.

"After two years of lobbying, I am relieved to say there are signs of real progress with the Commission," he told a London conference on operational risk organised by City & Financial Conferences. He did not go into details.


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