S&P questions Basel II
NEW YORK -- Standard and Poor’s anticipates significant challenges for banks to quantify operational risk as outlined in Basel II, even though it expresses general support for the Accord as a whole.
In a recent study, Basel II: No Turning Back for the Banking Industry, and in a September teleconference, the firm contends that operational risk assessment requires substantial qualitative analysis of factors such as ethics and integrity of management, quality of internal controls and management
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