Op risk managers say models will survive phase-out of AMA

Risk Live: Supervisory focus expected to shift to Pillar 2 capital, and ILM may make a comeback in Europe

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The Bank for International Settlements, home to the Basel Committee on Banking Supervision
Photo: Dan Hinge

With the final version of Basel III rules for operational risk coming into force in January 2025 for the European Union, and potentially six months later in the UK, the end of internal models for op risk capital is drawing near. But risk managers say there will still be plenty of incentive to retain and invest in capital models themselves.

Published capital requirements will now be based on a regulator-set standardised approach, but panellists at Risk Live Europe in London on June 19, 2024, said

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