Op risk capital: why US should adopt SMA today

SMA early adoption — Call for SMA: regulators in US should hasten switch to standardised approach

Greg Baer
27 Apr 2018

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Attempts to measure operational risk capital have not gone well. The advanced measurement approach (AMA) by all accounts has proved a failure. The Basel Committee’s attempt to introduce a model-driven process for calculating operational risk capital was criticised by the industry and then formally rejected by regulators. In its place, Basel has developed a new, simplified methodology: the standardised measurement approach, or SMA. Part of the final package of revisions to Basel III, the SMA has

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