A new role for op risk insurance
As expected, the Basle Committee on Banking Supervision said in late September that it is prepared to consider a role for insurance in reducing operational risk capital charges proposed under the Basle II bank capital adequacy accord (see related article, this issue).
If the regulators were to agree such a role for op risk insurance, it would apply only to banks using advanced approaches to calculating the op risk capital charge. There would also be a limit on the amount by which insurance might
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