Basle II would mean banks less able to deal with NY attacks, US Senate told
WASHINGTON -- The operational risk capital charge proposed by global banking regulators would create a "perverse incentive" against banks taking measures to cope with operational hazards such as the September 11 attacks in New York, the US Senate’s banking committee was told in mid-October.
Karen Shaw Petrou, managing partner of Washington-based banking and financial consultancy Federal Financial Analytics, told the committee the plan would impose a specific charge against op risk without any
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