Fed’s Curti: SMA will smooth capital mismatches

OpRisk North America: non-US banks holding less capital under own-models approach was “a big problem”, says regulator

scales
Balancing act: SMA aims to “level the playing field” between US and Europe, says Curti

The Basel Committee’s decision to scrap the use of operational risk modelling in favour of a single standardised approach will help solve the “big problem” of non-US banks holding significantly less capital than their US peers on average, according to a senior US regulator.

Speaking at the OpRisk North America conference earlier this week, Filippo Curti, a financial economist in the supervision, regulation and credit department at the Federal Reserve Bank of Richmond – who was involved in

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: