Retail banking accounts for two-thirds of op loss events, says Basel survey
BASEL, SWITZERLAND -- Operational losses in retail banking accounted for two-thirds of the number of operational losses suffered by banks, according to a survey by global banking regulators. The survey sought data about the impact on major banks of the Basel II banking accord proposals for an op risk capital charge.
The banks were asked for data on operational losses in the years 1998 to 2000. The losses were categorised into eight
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