FSA answers critics by sketching UK op risk framework and timetable
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In both minutes of the Operational Risk Standing Group (ORSG) -- now posted online at the FSA’s website -- and in an address to Incisive Media’s Operational Risk conference held in London in mid-March, head of op risk policy Colin Tattersall sketched out the way forward. The first big surprise was that the UK’s approach to the advanced measurement approach (AMA) will be a "straight copy-out" of the EU’s Capital Adequacy Directive (CAD). "This is a change in regime in the UK for the FSA, and I
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