Banks face challenge assessing benefits of Basle II op risk approaches, says Andersen
LONDON -- Calculating the benefit for banks of adopting the more complex methods of arriving at an operational risk capital charge is very challenging because of uncertainties over the factors involved.
This is the view of professional services firm Andersen in comments on Basle II, the new capital adequacy accord that global banking regulators want to bring into effect for large international banks in 2004.
Andersen (formerly Arthur Andersen) says Basle II is likely to mean investment in
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