Banks get set to prepare feisty responses to the US ANPR

US banks are among the strongest opponents of the Pillar I operational risk charge under the new Basel II framework, as published in the Basel Committee on Banking Supervision’s third consultative paper (CP3) and echoed in the US regulators’ proposals. The banks are preparing responses to the ANPR that will attempt to undermine the rationale for the charge, and shift it into Pillar II. The banks will also raise a number of other difficulties in the implementation of the op risk framework.

Banks

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