European asset managers restate hostility to op risk charge

LONDON -- European asset managers reiterated their objections to plans to introduce capital charges on operational risks from 2004 in comments they made to both global banking regulators and the European Commission.

The London-based European Asset Management Association (EAMA) said the proposal to extend the capital requirement for op risk to the asset management business of banks under the Basle II accord was flawed.

EAMA is the trade body for the European asset management industry.

Basle II is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here