OpRisk Europe: FSA made a mistake with the AMA, panellist claims
The UK Financial Services Authority should have forced large, sophisticated banks to adopt the advanced measurement approach to operational risk, risk manager argues
A stance by the UK Financial Services Authority (FSA) not to compel large, sophisticated banks to implement the advanced measurement approach (AMA) to operational risk was a mistake, according to a senior risk manager.
Speaking on a panel at the OpRisk Europe conference in London this morning, Jimi Hinchliffe, director of policy risk and regulatory affairs at Bank of Tokyo-Mitsubishi UFJ and
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