Moving to the centre
Basle II means banks will have to centralise the management of operational risk or lose out to competitors, says Ken Swenson
Many banks around the world will be put at a grave competitive disadvantage under the Basle II capital adequacy rules unless they revolutionise the way they organise their management of operational risk.
Banks will in practice have to centralise their op risk management to get the maximum benefit in terms of lower capital charges under Basle II.
Basle II is the new set of
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