UK banks want say in implementation of Cebs guidlines

LONDON – UK-based banks want a greater say on how they implement proposed new operational risk guidelines from the Committee of European Banking Supervisors (Cebs).

Following a consultation and public hearing in March, leading international banks have called on Cebs to hold another consultation on the guidelines, which they say are too prescriptive, confusing and at times raise issues in areas that do not directly fall under operational risk’s remit.

“The principles are helpful in setting out

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