The new basel capital accord:part ii:technology risks for banks and the role of insurance

摘要

In Part I of this article,we examined the scope of the new Basel Capital Accord,or Basel II,its introduction of "operational risk" in a bank's risk-to-capital equation,and its implicit inclusion of environmental exposures as part of a bank's operational risks.In Part II,we explore the potential impact of operational risks on two important risk mitigation techniques,outsourcing and insurance.