Op risk loss exercise gets good response ahead of QIS 3
BASEL, SWITZERLAND - Global banking regulators said there was a good response from banks to the operational loss data collection exercise that the regulators launched in June to help them refine the op risk aspects of the Basel II bank accord aimed at making the world’s banking system safer.
"More banks replied to this exercise than the previous one last year," said one regulator, "but it’s going to take several weeks to assess the quality of the information".
The regulators were commenting
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