Chinese banks’ AMA op risk projects on hold
Despite all of the enthusiasm displayed by the Chinese regulator, the Chinese Banking Regulatory Commission (CBRC), when it agreed to the Industrial and Commercial Bank of China (ICBC) becoming the first Chinese bank to go for the advanced measurement approach (AMA) for operational risk under Basel II, the idea of other banks following ICBC on AMA has now been put on hold.
Six months ago, after more than a year of hard work on its AMA op risk framework, ICBC was able to demonstrate to CBRC that
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