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Serco has now been asked to submit its final proposals for operational and delivery plans by 19 January 2012.
The banks' responses to "Basel 2", which had to be in by May 31st, are almost all critical of the proposals for operational risk.
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He said Acpo would "need to examine in detail the government's proposals for maintaining operational independence against the practical reality of directly-elected police and crime commissioners".
Nor is there any proposal to subject investment firms to the same range of charges for different risks as, in most cases, operational risk is the only one that such firms actually bear.The proposed new charge for operational risk does cause very serious concern, however, and can indeed be described as "raw and untested".
There has also been progress in advancing the Danish proposal for an immediate, operational accord that covers all of the issues under negotiation, including the endorsement of key elements of this approach by the 53 countries represented at the Commonwealth Summit last weekend. .
Bold proposals by the Basel Committee of bank supervisors now seek to refine the charges for credit risk, as well as to add new charges for operational risk.
The same goes for operational efficiency.
"The most basic challenge is locating them for operational inspections".
The government says the changes were made for operational reasons.
The commander has been suspended for operational errors.
It's not a conducive atmosphere for operational excellence".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com