Sigor tackles AMA range of practices in new consultation paper

Gives guidance on advanced approaches

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Described as an "evergreen document", the latest paper issued by the Basel Committee on Banking Supervision's sub-group on operational risk (Sigor), Operational risk – Supervisory guidelines for the advanced measurement approaches (AMA), is part of its aim to promote further convergence of AMA practices. "Given that operational risk is a relatively young discipline, the paper is intended to be an evergreen document – as we identify further issues and convergence reached, these too