NPR release muddies the op risk waters

Operational risk executives are scrutinising the recently released NPR by the US Fed, which, despite clarifying some points, has nevertheless created new contentious issues. Choongo Moonga reports

The notice of proposed rulemaking (NPR), released by the Federal Reserve at the end of March, has handed both victories and defeats to operational risk managers and created several new potential battle grounds.

For many, the fact that the operational risk charge was included at all in the NPR was a huge relief as pressure for the removal of the charge from Pillar I remains substantial in the US. "The NPR confirms the operational risk charge and that gives banks certainty that the framework is on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here