Another concrete case is the implementation of the Basel II Accord on capital requirements, particularly on how to compute capital requirements for operational risk (that is the risk of loss resulting from inadequate processes and systems, or from external events). We have dedicated sizable resources to managing market and credit risks, and those were wellknown, narrowly-defined.
Before concluding, I would once again like to welcome the participants and wish them a pleasant stay in Pakistan. 2  BIS Review 38/2005