Operational Risk in Financial Service Providers and the Proposed Basel Capital Accord: An Overview
Jeffry M. Netter
University of Georgia - Department of Banking and Finance; University of Georgia Law School
Annette B. Poulsen
University of Georgia - Department of Banking and Finance
January 1, 2003
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.
Number of Pages in PDF File: 32
Keywords: Operational risk management, Basel Accord, Capital requirements
JEL Classification: G28, G38
Date posted: April 2, 2003
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