ORR Innovation Awards 2011: Regulator of the Year

Marco Moscadelli, Bank of Italy

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It would be difficult to find a harder working regulator than Marco Moscadelli, or one so highly regarded by his industry peers. “Marco Moscadelli from the start has been a driving force behind the quantitative (so-called loss distribution approach, or the advanced measurement apprach (AMA)) modelling approach to operational risk under the Basel II (now III) framework,” says Paul Embrechts at RiskLab, ETH Zurich. “His 2004 Banca d’Italia cornerstone paper championed th