OpRisk Asia review: Exploring Asia’s AMA anomalies
Speakers at the OpRisk Asia event warned about the challenges posed by the varied and sometimes inconsistent application by different banks of the advanced measurement approach to op risk capital. Other topics included corporate culture and credit card fraud
The keynote speaker at the OpRisk Asia conference in Singapore on June 27 and 28, the Bank of Japan’s Mitsutoshi Adachi, warned that inconsistencies in implementing the Basel advanced measurement approach (AMA) for operational risk capital could undermine the intent of the Basel rules.
Earlier this year at the OpRisk North America conference in New York, Adachi – who is also chairman of the Basel
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