Circular
Practices for the Management and Supervision of Operational Risk
December 24, 2001
Circular No. 11413

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

The Basel Committee on Banking Supervision has issued a paper titled, "Sound Practices for the Management and Supervision of Operational Risk," to further a dialogue on the subject with the banking industry.

Questions on the matter may be directed, at this Bank, to Beverly Hirtle, Vice President, Banking Studies Function, or Stefan Walter, Vice President, Market and Liquidity Risk.