Regulators defend AMA as a process to manage op risk
Modelling operational risk capital provides insight into banks’ specific vulnerabilities, regulators say at a conference in Amsterdam
Financial regulators deflected criticism of the controversial advanced measurement approach (AMA) to operational risk capital at a conference, saying that the modelling involved gave banks a better understanding of their weak spots.
Firms using the AMA rely on their own internal models, approved by supervisory authorities, to estimate operational risk losses and set aside the necessary capital
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