OpRisk Europe: Harmonised rules must preserve flexibility, panellists say

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Attempts to harmonise bank regulation need to be balanced with freedom for individual countries, according to panellists at the OpRisk Europe conference in London this morning. That is a hot topic within the European Union (EU), where the Basel III reforms have been split into two pieces of implementing legislation: a directive that will be transposed into local law by each member state, and a regulation that has the status of binding EU-wide law. Operational risk managers will be among those to

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