Sigor chair says Basel guidance on insurance as op risk mitigant imminent

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The latest paper from the Basel Committee on the use of insurance in mitigating operational risk will be released in "one or two weeks", says Mitsutoshi Adachi, deputy head of risk assessment at the Bank of Japan.

Adachi helped to draft the paper as chair of the Committee's Standards Implementation Group on Operational Risk (Sigor), and he is clear that, as it has been approved by the central Basel Committee in the past week, the paper's public release is imminent.

The guidance paper looks at

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