CEBS analyses Kerviel's operational risk impact
LONDON - The Committee of European Banking Supervisors (CEBS) has published a results summary of its assessment of banks' and supervisors' reactions to Jerome Kerviel's $7 billion rogue trading scandal at French bank Societe Generale reported in January.
The stocktake, carried out with supervisors throughout the European Economic Area, looked at how Kerviel's fraud influenced banks' advanced measurement approach implementation for Basel II capital requirements regulation, operational risk
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