A Beginning, Not An End…
There's a host of operational risk issues still to be ironed out by the global banking industry and its supervisors. Bank regulator
Jeremy Quick considers the key questionsOPERATIONAL RISK is now on the banking regulator's map -- and not before time. But the intention of the Basle Committee of banking supervisors to require international banks -- for the first time -- to set aside capital against operational risk marks the start rather than the end of a process.
Overall, the hope is that the new
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