The new Basle capital accord: op risk proposals in brief
Operational risk capital charges will be required of international banks from 2004 under Basle II, the new capital adequacy accord proposed by the Basle Committee of banking supervisors who are chiefly from the Group of 10 (G-10) leading economies.
The European Commission intends to impose a similar requirement, closely modelled on Basle II, on all banks and investment firms within the 15-nation EU from the same date.
The op risk charge will sit alongside those for credit risk and market risk
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