Sep 11 attacks make Basel II more relevant
The September 11 attacks on New York’s financial district have made the operational risk provisions of the proposed Basel II banking accord "much more relevant to many more people", a paper by business consultants Aroq Research said in March.
But companies would probably have been much more aware of the risks and have therefore prevented or mitigated them, says the paper, written by investment banking consultant Craig Kirkpatrick-Whitby.
The probability of such a disaster increased after September 11, but
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