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'...International regulators are due to finalize the New Basel Capital Accord (Basel II) by the middle of 2004, for implementation by banks at the end of 2006. Basel II is a response to the need for reform of the regulatory system governing the global banking business: Basel II aligns the minimum regulatory capital held against credit risk with formal risk-assessment of individual counter-parties; Capital will be explicitly held against operational risks for the first time; Regulators must set total capital requirements by assessing banks' overall risk profiles and use of risk tools in everyday business processes; New disclosure rules will accelerate the trend for banks to reveal previously unpublished risk and capital details, enhancing transparency...'
Please note the highlighted bit...Operational risk (along with system risk and credit risk) is in focus in almost all risk management departments of big banks so the demand for risk managers are forced by Basel II to pick up... although there are research works showing that most of global banks still lack the preparation for the changes brought by Basel II...
Good luck! | 
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发表于 2005-7-20 21:43:00
