Basel III: final op risk framework leaves banks guessing
Analysis suggests big capital savings on average, but uncertainty persists over uneven implementation
Final rules from global policymakers on operational risk capital appear to show a big cut for the largest banks – but the industry has been left guessing as to the ultimate impact by the unprecedented freedom given to national regulators over controversial elements of the framework.
A quantitative impact study (QIS) from the Basel Committee on the effect of its new operational risk framework, known as the standardised measurement approach (SMA) – published last week as part of the final package
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