Leading Insurers Working On Common Op Risk Stance
ZURICH AND LONDON -- Leading insurance companies are working together on a common response to questions raised by global banking regulators about the potential role of op risk insurance under the proposed Basle II banking capital accord.
The response would seek to make the case for insurance as a way of mitigating the op risk capital charges that large international banks will have to allow for from 2004 under the terms of Basle II.
Concerns
The insurers want to allay the concerns about op risk
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