Basel II delay to add to banks’ confusion
LONDON - Confusion about operational risk is likely to increase among several major banks as a result of the 12-month postponement of the Basel II banking accord, according to Andrew Grant, London-based head of risk practice at professional services firm TCA Consulting.
He said the survey’s findings show that many banks "are nowhere near having a concerted strategy for tackling operational risk".
Their attitude contrasts with a
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