Fed’s Lindo: Basel op resilience rules imminent
Committee has also formed new group to oversee supervisory policy harmonisation, says senior regulator
Global regulators are poised to release long-awaited final rules on operational resilience and op risk management, a senior regulator confirmed today (March 22). Meanwhile, the Basel Committee on Banking Supervision has also revamped one of its core internal policy delivery groups, and tasked it with ensuring consistent implementation of supervisory policy initiatives.
The announcements were made by Arthur Lindo, deputy director for policy in the US Federal Reserve Board’s division of
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