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Banks' hands tied as Basel tightens rules

Basel Committee on Banking Supervision may scrap an unduly complex internal model-based method for calculating so-called operational risk

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Stefan Ingves, chairman of the Basel committee. Banks' options for gauging the risk of incurring losses from events such as fraud, cybercrime and litigation are set to shrink as the Basel Committee on Banking Supervision tries to stop firms from gaming the rules.

London

BANKS' options for gauging the risk of incurring losses from events such as fraud, cybercrime and litigation are set to shrink as the Basel Committee on Banking Supervision tries to stop firms from gaming the rules.

The global regulator, whose members include the US Federal

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