The dragon advances
Chinese regulators are taking a renewed interest in the advanced measurement approach, and are testing its viability by forcing China's largest bank, the Industrial and Commercial Bank of China (ICBC), to implement it first. Can ICBC meet the challenge? Victoria Pennington finds out
Building an operational risk management culture as well as implementing a sophisticated, risk-sensitive, op risk capital model, has been a tough call for many western banks that already had mature risk management departments in place. For Chinese banks, which have a completely different approach to risk management, implementing the advanced measurement approach (AMA) for operational risk
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