US banks spell out operational risk rules ahead of ANPR publication

Front Page News

Washington, DC – US regulators are beginning to outline the op risk contents of their forthcoming advance notice of proposed rulemaking (ANPR) to financial institutions, both at conferences and at individual meetings. The guessing game of the moment at financial industry cocktail parties is the names of the 10 US banks that will have to adopt the country’s advanced measurement approach (AMA). In the US, the AMA as well as the advanced internal ratings-based approach (A-IRB) for credit risk,

To continue reading...