Regulator outlines AMA issues for US banks
In a late-July speech at a Risk Waters Group forum on the US's advance notice of proposed rulemaking, the Federal Reserve's Kirk Odegard described how the USwould be implementing the advanced measurement approach for op risk, and outlined regulators' concerns
"In the US,
we only plan to adopt the advanced measurement approach (AMA) for operational risk. In the Basel Committee on Banking Supervision's third consultative paper (CP3), there are the basic indicator, standardised and alternativeOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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