UK regulators fairly confident of ‘sensible’ op risk charge for investment firms


LONDON -- UK regulators are reasonably confident op risk capital charges for investment firms proposed under new European Union (EU) rules will be "sensible", the UK’s chief financial regulator said in mid-July.

Many UK investment firms, including asset managers and stock brokers, fear they could be heavily penalised from late 2006 by having to set aside costly amounts of capital to guard against losses from such hazards as fraud, technology failure and trade settlement errors.

Investment industry

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