ORIAG paper published on FSA website

The Operational Risk Implementation Advisory Group (ORIAG), which is chaired by the UK's Financial Services Authority (FSA), has posted its working paper, "Implementation of the Capital Accord for Operational Risk" on its website.

The ORIAG, whose membership is composed of representatives from financial institutions and industry groups, provides guidance on the UK implementation of the revisions to the Basel Accord. The final version of the document was agreed upon in January, after several last minute revisions at the December 13 meeting of the working group, but the paper was not posted on the ORIAG web page until early February, in spite of the paper’s January 2003 dateline. An FSA official stressed that although

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