Isda’s Metcalfe organises AMA exercise
LONDON
-- As a direct result of the Operational Risk Implementation Advisory Group’s work, the UK’s Financial Services Authority has asked banks to participate in an exercise that will result in a working paper outlining generic "stylised" advanced measurement approach (AMA) models by May. The exercise will be organised by Richard Metcalfe, a director at the International Swaps and Derivatives Association (Isda) in London.Metcalfe said the operational risk section of the proposed revisions to
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