Regulators seek to change operational risk methodology at October meeting
High-severity events such as the $2.3 billion rogue trading loss at UBS have highlighted the low levels of operational risk regulatory capital firms are holding
A sub-group of the Basel Committee on Banking Supervision may decide to overhaul the basic indicator and standardised approaches for operational risk at an October 6 meeting in Frankfurt, according to several senior supervisors. The potential change reflects a strong desire by regulators to raise the level of capital held by banks for operational risk, sources say.
The operational risk sub-group
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