Sep 11 attacks make Basle II more relevant
LONDON -- The September 11 attacks on New York’s financial district have made the operational risk provisions of the proposed Basle II banking accord "much more relevant to many more people", a paper by business consultants Aroq Research said in March.
The Basle II accord, which will require major banks to set aside protective capital for the first time against operational hazards from late 2006, would not have prevented or minimised the effects of the September 11 attacks.
But companies would
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