The Case Of The Missing Controls?
The Basle regulators' proposals for operational risk aren't as risk-sensitive as the committee seems to think, says Tony Blunden. He argues the supervisors should pay more attention to recent developments in corporate governance
The commitment of global banking regulators to creating a risk-sensitive capital charge that banks can make for operational risk seems not to be fully carried through in the detailed models given in the regulators' latest proposals on the subject.
The Basle Committee on
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