Major US Banks Lack Consensus On Basle II Op Risk Charge
WASHINGTON -- There’s little consensus among US banks on how to react to the proposal that major banks set aside capital against op risk under Basle II.
Rob Strand, senior economist at the American Bankers Association (ABA), says this was evident at a conference call in late April. The call involved the ABA, a group of the larger US banks and bank regulators from the US Federal Reserve System and the Office of the Comptroller of the Currency.
The ABA, the main trade organisation for the US
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