Operational Risk: Supporting Document to the New Basel Capital Accord

The abolition of the Clearing and Settlement System had a social impact as well, leaving a number of people unemployed. Most of them were highly specialized personnel, well-experienced in domestic payment operations but at the same time relatively inflexible to systemic changes that were to come. This created an additional pressure on the government to find a solution that would make the transfer to the new payment system less distressing. The obvious solution was to sell or rent government-owned Clearing and Settlement Bureau premises to the existing banks under the condition that these workers remain employed. This created additional income to the budget and partly resolved the.

TÀI LIỆU MỚI ĐĂNG