Insurers get amber light with some green
BASLE, SWITZERLAND -- Global banking regulators have signalled they might agree to a role for operational risk insurance in the Basle II bank capital accord.
The risk management group of the Basle Committee of banking supervisors told leading insurance companies in July that regulators could envisage a role for insurance in reducing op risk capital charges for banks using the advanced methods for calculating the charges.
"It's an amber light with some green in it," said one bank regulator, adding
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