A Call To Action For Op Risk Insurers
Insurance companies must not waste time now the Basle II regulators have shown an amber light to operational risk insurance, say Roland Avery and Daniel Butler
The world’s insurance industry has only three months in which to show global banking regulators in detail how operational risk insurance can play a role in reducing the op risk capital charges proposed under the Basle II capital accord.
The regulators, previously wary of the idea, told insurers in July that they might recognise a role for
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