Mizuho provides a model model for AMA in Japan

Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks about how the model works and his plans for continued improvement

When the advanced measurement approach (AMA) was first developed for operational risk, it was the hope of the Basel Committee on Banking Supervision for a “thousand flowers to bloom” at banks across the globe. At Japanese banks, as elsewhere, AMA take-up has failed to meet these expectations. Mizuho Financial Group is one of only two AMA-approved banks in Japan. It was accredited by the Japanese