No op risk surprises in QIS 3
BASEL, SWITZERLAND -- Some 265 banks in more than 50 countries were absorbing the contents of the key QIS 3 survey, which seeks information on how the complex Basel II capital pact would affect them, as Operational Risk went to press.
But the op risk aspects of QIS 3 -- the third Basel II quantitative impact study -- caused bankers few, if any, surprises. The so-called pillar 1 protective capital charges and other provisions suggested in QIS 3 were foreshadowed in previous papers issued by global
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