Framework developed for German banks
BONN, GERMANY
-- Many of Germany’s banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad). These regulatory regimes, scheduled to take effect in 2006/7, stipulate for the first time a specific capital charge for operational risk. Up until now, German banks’ prime focus, as that of many financial institutions around the globe, has been onOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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