OpRisk Europe: Sigor review to repair credibility, Adachi says
Sigor chair says review focus will be on capital model credibility and comparability
The review of operational risk capital models underway at the operational risk subgroup of the Basel Committee's standards implementation group (Sigor) will aim to address credibility issues and improve standards of best practice around internal capital models, Sigor chairman Mitsutoshi Adachi told the OpRisk Europe conference in London today.
In his keynote address, Adachi pointed out shortcomings in the op risk models in use: "Operational risk models are less mature, they allow a range of
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