U.S. Senator Mike Rounds and Senate Banking Committee Chairman Tim Scott today sent a letter to Jerome Powell, Chairman of the Federal Reserve Board of Governors, and Michelle Bowman, Vice Chair for ...
James Gorman, chairman and chief executive of Morgan Stanley, said during a Senate Banking Committee hearing this week that the proposed operational risk provision in the Basel III endgame capital ...
WASHINGTON, April 4 (Reuters) - The U.S. Federal Reserve said last month it will make significant changes to a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" ...
WASHINGTON A survey conducted by international regulators has found that retail and commercial banking operations are the source of more than 60% of operational risk-related losses suffered by large ...
In some areas, the Basel framework promotes complexity over quality. One of the most hated parts of the new regulation is its treatment of what’s called operational risk, which broadly speaking ...
BearingPoint, one of the world's largest business consulting and systems integration firms, has issued a white paper, "Seven Pitfalls In Basel II Operational Risk Implementation," detailing the steps ...
The severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is ...
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Understanding Basel III endgame and its impact on banking in Africa
By Cyril ODOIBanks and financial authorities worldwide work diligently to prevent financial crises of any kind. Global rules, known as the Basel Accords, establish safety standards for banks that ...
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