Framework developed for German banks

BONN, GERMANY - Many of Germany's banks have been somewhat slow to prepare their operational risk management framework for the new international bank capital accord, Basel II, and the prospective European Union (EU) Capital Adequacy Directive (Cad).

These regulatory regimes, scheduled to take effect in 2006/7, stipulate for the first time a specific capital charge for operational risk. Up until now, German banks’ prime focus, as that of many financial institutions around the globe, has been on credit risk.

But several of the country’s banking associations, which play a prominent role in its highly fragmented banking sector and often provide expertise and IT-support for their members, are working on assembling operational risk management

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options