Op risk loss exercise gets good response ahead of QIS 3
BASEL, SWITZERLAND -- Global banking regulators said there was a good response from banks to the operational loss data collection exercise that the regulators launched in June to help them refine the op risk aspects of the Basel II bank accord aimed at making the world’s banking system safer.
But they said in early September that it was too soon to judge the quality of the data needed to help banks and their regulators measure the extent banks are at risk from such operational hazards as fraud
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