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Operational risk

Documentation dilemmas

Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.

The case of the missing controls?

The Basel regulators' proposals for operational risk aren't as risk-sensitive as the committee seems to think, says Tony Blunden. He argues the supervisors should pay more attention to recent developments in corporate governance.

No time to lose...

Operational risk management software will be essential under Basel II. And it means something more than a loss database, argues software supplier David Withey.

Basel part one: the new accord

The Basel Committee’s second consultative paper on reform of the 1988 Accord on capital holds some surprises. Some believe regulatory capital will now have to rise. Dwight Cass reviews the changes.

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