OpRisk Europe: The slow drive for change

There was general agreement among regulators at the OpRisk Europe conference held in London at the end of June that the capital calculation for operational risk for the advanced measurement approach (AMA) under Basel II is too low, and that something needs to be done about it. But although the Basel Committee on Banking Supervision’s Standards Implementation Subgroup on Operational Risk (Sigor) has created working groups to address this, their work is at such an early stage any changes to