Operational Risk in Financial Service Providers and the Proposed Basel Capital Accord: An Overview
32 Pages Posted: 2 Apr 2003
Date Written: January 1, 2003
Abstract
The 1988 Basel Accord and the proposed revisions to the Accord represent some of the most significant international regulations impacting the financial decisions of firms, in this case, financial services firms, in recent years. The revisions to the Accord incorporate operational risk into the capital, supervisory and market requirements. In our review of the issues in this area, we provide insight into the workings of an important international regulation. We also present suggestions for further research in this area that will become feasible when data on the impact of the new regulations become available after the proposed implementation in 2006.
Keywords: Operational risk management, Basel Accord, Capital requirements
JEL Classification: G28, G38
Suggested Citation: Suggested Citation
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