The dragon advances

Op Risk in China

Building an operational risk management culture as well as implementing a sophisticated, risk-sensitive, op risk capital model, has been a tough call for many western banks that already had mature risk management departments in place. For Chinese banks, which have a completely different approach to risk management, implementing the advanced measurement approach (AMA) for operational risk management under Basel II seems like a lot to ask. But that is exactly what China's regulator, the Chinese