Mizuho provides a model model for AMA in Japan

shigehiko-mori-mizuho-2010

When the advanced measurement approach (AMA) was first developed for operational risk, it was the hope of the Basel Committee on Banking Supervision for a “thousand flowers to bloom” at banks across the globe. At Japanese banks, as elsewhere, AMA take-up has failed to meet these expectations. Mizuho Financial Group is one of only two AMA-approved banks in Japan. It was accredited by the Japanese Financial Services Agency (FSA) in September 2009, following on the heels of Sumitomo