Fontnouvelle, Patrick de; Garrity, Victoria; Chu, Scott; … - Federal Reserve Board (Board of Governors of the … - 2005
Basel II replaces Basel I’s implicit capital charge on operational risk with an explicit charge. Certain U.S. banks … concentrated in processing-related business lines – which have significant operational risk – could thus face an increase in … be disadvantaged vis-à-vis competitors not subject to regulatory capital requirements for operational risk. This paper …