Basle II Makes Databases Crucial To Setting Op Risk Charge
LONDON -- The role of databases recording the losses banks run up from such operational hazards as fraud, computer failure, settlement mistakes and human error is now absolutely crucial, say database managers.
Without adequate history of such losses with agreed definitions, global banking regulators won't be able to determine the beta and gamma factors that will be used to calculate operational risk capital charges.
The Basle Committee of banking supervisors from the Group of 10 leading economies
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