Concerns about the US fiscal position have also increased, though this has not been reflected, at this point, in market prices for US debt. The immediate need is for the US authorities to lift the debt ceiling, then for them to work towards longer-term sustainability.
I suggest the events of September 11 indicate that operational risk is an issue that  2  BIS Review 91/2001  cannot be ignored. I invite both internal and external auditors to monitor Basel II and offer their counsel on how best to reflect operational risk in capital.