Beyond the blueprint
As the Asia-Pacific region's economy grows, it must keep up with international regulations such as Basel II. So far this has been something of a struggle - particularly where operational risk is concerned. Ellen Davis reports
The pace of evolution of operational risk measurement and management is uneven at best, with advanced measurement approach (AMA) initiatives stalling at many domestic banks while international banks seem to be ramping up their implementation programmes in the region. Also, both domestic and international firms are focusing more on management of specific risks, with one regulator publishing papers
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