Regulators remain fuzzy on practicalities of AMA group allocation approach

Regulatory Update

"This is the last big issue on the frontier for the AMA," said Jay Newberry, head of operational risk at Citigroup in New York. In a nutshell, under the AMA, banks are faced with the need to produce an operational risk capital model of which all of their regulators approve. Then, regulatory capital must be divided up among various legal entities. Tension exists because firms don’t want to have to get approval from both home and host regulators for their models, and they want to be able to

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