Guidelines on the use of risk transfer mechanisms for op risk welcomed
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The Committee of European Banking Supervisors' (Cebs) guidelines paper on operational risk mitigation techniques will come as a welcome clarification of some of the more fuzzy aspects of using insurance and other risk transfer mechanisms as capital mitigants. The guidelines give a much more granular level of detail on the issues relating to the use of insurance, but the guidelines for the use of other risk transfer mechanisms are much more in depth, and appear to make it as difficult as possible
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