The Basel II capital accord: op risk proposals in brief
This summary is based on the operational risk proposals contained in the second Basel II consultative paper issued in January, 2001 as amended by the Working Paper on the Regulatory Treatment of Operational Risk of September, 2001 and the Basel Committee’s statement of July 10, 2002. All are available on the Bank for International Settlements’ website (
www.bis.org).BiG international banks will be required for the first time from late 2006 to set aside capital as a guard against op risk. The
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