In defence of AMA methodology
There is a competitive advantage to be gained from adherence to the advanced measurement approach proposed by Basel II, says Tara Heusé Skinner
Two years ago, a collective groan emerged from Europe over the US's response to Basel II (ie, only the largest US banks have to comply). That groan obscured a similar, albeit smaller, one emerging from many US risk managers. Contrary to what many believe, not all bankers in the US celebrated the decision. Many of us saw Basel II as a means of getting enterprise risk management (ERM) pushed
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