Hong Kong focuses on Basel Sound Practices on OpRisk Management
Hong Kong will focus on implementing the Basel Sound Practices for Operational Risk Management rather than the Advanced Measurement Approaches (AMA), according to Simon Topping, executive director for Banking Policy at the Hong Kong Monetary Authority.
“The majority of the banks in Hong Kong are expected to adopt the simpler approaches, ie, the Basic Indicator or the Standardised approaches by end-2006, although the development of data systems capable of being used
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