Regulators remain fuzzy on practicalities of AMA group allocation approach
Both US and UK regulators offered only clues about how the various controversies surrounding the group allocation issue would be resolved at OpRisk Europe and OpRisk USA, hosted by Incisive Media in March.
"This is the last big issue on the frontier for the AMA," said Jay Newberry, head of operational risk at Citigroup in New York. In a nutshell, under the AMA, banks are faced with the need to
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