The Big Unknown
TECHNICAL
SOME banks have been developing models to quantify operational risk for more than a decade. That effort has been stimulated more recently by the introduction of the advanced measurement approach (AMA) into the spectrum of approaches for determining regulatory capital under Basel II (as well as the EU Capital Requirements Directive and the respective national banking acts being drafted based on it). Banks expect to derive capital savings from the use of these sophisticated approaches.
The focus of
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