HSBC prepares for advanced measurement approach

Management

LONDON - Industry sources suggest UK bank HSBC is gearing up to apply for the advanced measurement approach (AMA) to operational risk under Basel II. The bank's operational risk programme has historically lagged behind other banks in the UK but this is all changing. HSBC has hired Mike Constantinou, ex-head of operational risk framework and measurement at Barclays, to run its AMA programme. And industry sources suggest the bank is poised to make a final decision on which new operational risk man

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