Banks need to be high Basel II-compliant by 2013

Malaysian banks aim for AMA

PETALING JAYA: Malaysian banks are adopting the standardised approach (TSA) to Basel II but will need to become advanced measurement approach (AMA)-compliant by 2013 to keep up with global developments.

That is according to a new survey published by KPMG, Basel II in the Asia-Pacific Banking Sector Survey 2008: Implementing operational risk management. Conducted in the last quarter of 2007 with respondents from 35 banks in the Asia-Pacific, the survey that focused on operational risk management found that banks in mature banking countries have generally adopted the AMA. These mature countries include Australia, Hong Kong, Japan, New Zealand, Singapore, South Korea and Taiwan.

Among the emerging countries, however, Malaysia was found to be generally more ahead with seven in 11 banks currently implementing TSA, with most aiming to be AMA-compliant by 2010. If they failed to meet that deadline they could aim for a 2013 AMA implementation deadline, said John Lee, head of ASPAC financial risk management at KPMG at a press briefing on the survey.

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Financial crime and compliance50 2024

The detailed analysis for the Financial crime and compliance50 considers firms’ technological advances and strategic direction to provide a complete view of how market leaders are driving transformation in this sector

Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

Op risk outlook 2022: the legal perspective

Christoph Kurth, partner of the global financial institutions leadership team at Baker McKenzie, discusses the key themes emerging from’s Top 10 op risks 2022 survey and how financial firms can better manage and mitigate the impact of…

Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

Moving targets: the new rules of conduct risk

How are capital markets firms adapting their approaches to monitoring and managing conduct risk following the Covid‑19 pandemic? In a webinar in association with NICE Actimize, the panel discusses changing regulatory requirements, the essentials…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a 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