Briefs
ACCOUNTING FOR EL A CONCERN
– Regulators that sit on the Basel Committee are attempting to thrash out the appropriate accounting treatment for operational risk expected loss (EL). A regulatory source points out that if a US firm has a loan loss reserve, the firm will get credit for that in its capital calculations. In op risk, however, practices vary. A number of US institutions have reserves for some kinds of EL – for example, some set aside money to cover legal expenses and possible payoutsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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