The AMA maze
Regulators speaking at OpRisk Europe 2008 announce initiatives to move the industry forward
European regulators at OpRisk Europe 2008 confirmed at least 12 banks have received Basel II advanced measurement approach (AMA) approval since January: Credit Suisse and UBS in Switzerland; Lloyds TSB, Citi, Barclays and Halifax Bank of Scotland in the UK; and six German banks, including Deutsche Bank and Commerzbank. Also, 20 banks in Germany have been approved for the standardised approach.
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