Fed's McDonough has advice for SA's bankers

SOUTH AFRICA - Bank capital rules brought up to date for a global marketplace must be flexible and take into account a bank's size and its risk appetite, New York Federal Reserve President William McDonough said on Wednesday.

In a speech to banking supervisors in Cape Town, South Africa, McDonough said larger banks will be allowed to experiment widely with methods to assess the danger of such events as computer failures - known as operational risk - as part of an effort to update the 1988 Base