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Several high-profile scandals for banks, ranging from JPMorgan’s hefty trading loss to UBS’s rogue trader, have sparked a new regulatory drive to force lenders to spend more time and probably hold more capital guarding against such operational risks. The Financial Stability Board, the global banking regulator, and the Basel Committee on Banking Supervision, which sets global capital rules, have recently announced plans to tackle the issue next year as part of efforts to make the world’s biggest banks safer. Financial Times