State Street's Kenny: Leaving AMA parallel run just the start

Operational risk head calls for better benchmarking across industry

David Kenny
David Kenny, State Street

The Basel capital rules revolutionised the field of risk management, creating among other things the concept of 'operational risk' itself for the first time. But they fell well short of their more ambitious objectives. Most obviously, reaching the goal of pushing every major bank towards the advanced measurement approach (AMA), in order to match operational risk capital to the bank's exposure in as sophisticated a way as possible, proved to be a much longer and tougher process.

Almost as soon as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: