Fed economist advocates combining internal models with SMA
SMA could act as a floor for calculating op risk RWAs, suggests Filippo Curti
For more than a year now, the future of the advanced measurement approach (AMA) to modelling operational risk capital has been under a cloud. Many thought the writing was on the wall when Basel Committee chair Bill Coen told Risk.net last October that the AMA – the industry benchmark for more than a decade – had "not worked as intended", and that Basel was to consult on replacing it with the
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