Op risk capital charge difficult to devise in imperfect Basel II, says US central banker

It has resulted in banks being permitted to use their own internal measurement approaches to calculating an op risk capital charge, subject to quantitative and qualitative criteria and a minimum capital charge, Laurence Meyer, a board member of the US Federal Reserve System, said.

He was commenting on the slow progress and difficulties of bringing the complex Basel II accord, under which the op risk capital charge will be required of major banks, into effect.

He said one of the complexities of the

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