Australia suggests new guidance for AMA for operational risk
Apra has published its response to industry submissions to its approach to AMA for operational risk.
The revised approach for the Australian banking system’s Advanced Measurement Approaches (AMA) for operational risk was released today by the country’s regulator. The Australian Prudential Regulatory Authority’s (Apra) guidance has been updated in the draft prudential standard and prudential practice guide (PPG).
Australia Prudential Standard (APS) 115 reflects industry suggestions made for the
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