Problems remain with op risk standardised approach, say banks
US bill HR4296 could scupper US implementation of SMA, say op risk bankers
The final version of the Basel Committee on Banking Supervision’s operational risk capital rules is an improvement, but will still leave banks and regulators with multiple headaches as they go about implementing it, op risk experts say.
Speaking at OpRisk Europe on June 12, Ruben Cohen, an independent risk consultant and previously director in op risk analytics with Citi, told delegates: “Many
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