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| BASEL II OPERATIONAL RISKS |
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Avoiding the Seven Pitfalls in Basel II Operational Risk Implementation |
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Download the "How to Avoid the Seven Pitfalls of Operational Risk" 
Audio File (.MP3,
3.17 MB, 9:00 min) |
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| The
Basel II Capital Accord is compelling large, internationally active
banks to see operational risk in a new, brighter light. By formally
introducing operational risk into risk management and capital calculation,
Basel II is moving these institutions to explicitly identify, measure
and report information related to operational risk. Many smaller banks
and non-bank financial institutions are following suit.
Yet precisely what Basel II will require remains a work in progress. Institutions are being directed to meet compliance deadlines as regulations are still being written, leaving them uncertain whether the approaches they take, and the expenditures they make, will ultimately pass muster. BearingPoint has identified seven pitfalls that financial institutions should consider as they attempt to comply with the still-evolving operational risk requirements of Basel II and offers insights on how to generate enterprise value as institutions address compliance.
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