However, in the second quarter, non-residents sold R85 billion worth of bonds and equites as expectations for global financial conditions tightening increased and risky assets came under pressure. The vast majority of this selling was in government bonds. The selling of South African financial assets continued in the third quarter, with R62.5 billion worth of bonds and equities being sold.
In this way, a bank's "op risk" capital charge would reflect its own  BIS Review 28/2003  3  environment and controls. Importantly, the size of the charge could be reduced by actions that the bank takes to mitigate operational risk. This provides an important incentive for the bank to take actions to limit their potential losses from operational problems.