BLP: Legal Risk Challenge Widens
In-house counsels tasked with managing legal risk have interesting times ahead. The new European Banking Authority rules may strain resources, and force a review of legal-risk categories and risk models.
Draft rules published by the European Banking Authority (EBA) in June 2014 would require European banks to quantify broadly-defined legal risks as part of their regulatory-capital calculations. They will force in-house teams to redraw risk-management plans, but may help banks manage the
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