Operational risk development harmed by US stance, say experts
PARIS
-- Op risk, as both an intellectual and regulatory discipline, may be harmed by the decision of the US regulatory authorities not to promulgate the Basel II op risk proposals for the vast majority of banks in that country, experts say. At March Congressional hearings, US regulators announced that only the top 10 US banks would be forced to use the advanced measurement approach for operational risk, while all other US banks would effectively remain on Basel I, which has no op risk provisionOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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