BBVA given deadline to improve AMA model
BBVA has been given until December 2011 to make improvements to its AMA model by the Bank of Spain, or will not obtain the capital savings the AMA allows
BBVA, Spain's first and only bank to be authorised for the advanced measurement approach (AMA), has got until December to deal with issues surrounding its AMA model. The model was originally approved in March 2010.
"According to the Bank of Spain, our model has got certain deficiencies," says Antonio Lucio-Villegas Spillard, head of internal control and operational risk at BBVA. "Until those
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