AIG to form cross-border op risk sub-group
The Basel Committee on Banking Supervision's Accord Implementation Group (AIG) will shortly form a sub-group to focus on cross-border op risk issues, according to several regulatory sources. Regulators and the industry are pressing for a greater role in op risk for the AIG to help iron out kinks in the implementation of the January Basel paper, Principles for the home-host recognition of AMA operational risk capital .
Nicholas Le Pan, head of the AIG, was not available for comment at press time. But regulatory sources say the group will
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