Double-counting fears ease as w -factor is removed from Basle II capital charge
BASLE, SWITZERLAND -- The so-called w-factor that bankers feared could result in double-counting of op risk under the Basle II bank capital accord will be removed from the capital charge provisions of the accord, global banking regulators said in September.
Instead the residual risk represented by the w-factor will be monitored under the second pillar -- supervision by bank regulators -- of Basle
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