BASLE, SWITZERLAND – Reference to “direct or indirect loss” is likely to be removed from the definition of operational risk given originally in the proposed Basle II banking accord, say global banking ...

There has been a substantial change in the operational risks faced by financial services firms over the last fifteen years. Risks such as conduct, cyber and third party have risen in importance and ...

06 October 2005 With the Basle II Revised Framework now very much in the forefront of banks' priorities, it is now a prerequisite that banks demonstrate a sound operational risk management and control ...