New RBS task force to drive AMA standard


LONDON – Royal Bank of Scotland (RBS) has reportedly created an operational risk development programme (ORDP) as part of plans to raise its op risk function to Basel II advanced measurement approach (AMA) standards. Although RBS has no plans to seek regulatory approval to adopt an AMA, it is committed to upgrading its operational risk loss data collection, scenario analysis and other tools. The bank’s drive to improve operational risk management under the standardised approach (TSA) is in tune w