In search of clarity and focus
Greater precision is needed in defining operational risk, but the Basle regulators' latest thoughts are lost in generalities, says Jacques Pézier, in the final article of a three-part series.
But meeting the criteria proposed by international banking regulators for more effective op risk management and providing the planned operational risk capital charge will create a hefty new burden on the banking industry (see below). Are the costs justified, and will the methods
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