Cebs paper addresses next-generation AMA models
LONDON – The Committee of Banking Supervisors (Cebs) sub-group on operational risk (SGOR) is working on a paper outlining policies for supervisors approving changes to next-generation advanced measurement approach models (AMA) for op risk.
A number of firms in the EU that have already been approved for AMA are updating their original models and frameworks to more advanced second-generation models. The Cebs paper will provide guidance for supervisors on how to approve such changes to the AMA
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