Op risk fears a major factor in responses to European plans
BRUSSELS – The European Commission has said that the potential impact of an operational risk capital charge was one of the major concerns of banks responding to its proposals for new capital adequacy rules.
The Commission welcomed the late-June decision of the Basle Committee on Banking Supervision, which in effect regulates international banks, to postpone initiation of the Basle II banking accord to 2005 from 2004.
The EU, like the Basle Committee in respect of its Basle II proposals
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