FSA outlines op risk development

LONDON -- Officials from the UK’s Financial Services Authority (FSA) outlined the regulator’s approach to the development of the new operational risk regime under Basel II at a conference in London in mid-September. Officials at the FSA event, Implementing the Basel proposals in the UK, acknowledged that there is still a long way to go before banks can fully implement the basic indicator (BIA), standardised (TSA) or advanced measurement (AMA) approaches.

Ian Tower, head of the risk review

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