Basel provides guidance on the use of insurance as a mitigant
Basel paper revolutionises regulatory approach to the use of insurance in the AMA op risk capital model
The Basel Committee on Banking Supervision’s standards implementation subgroup on operational risk (Sigor) has published its long-awaited paper: Recognising the risk-mitigating impact of insurance in operational risk modelling. This paper is the culmination of a process lasting more than two years for regulators to acknowledge and agree on the parameters for awarding capital discounts for the use
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