ING’s non-financial risk head Hans Grisel discusses AMA, Fatca and the cyber threat
Dutch bank ING is pushing ahead with the advanced measurement approach (AMA) to calculating operational risk capital – and seeing benefits, as non-financial risk head Hans Grisel tells Jessica Meek
When the Basel II capital adequacy rules were published in 2004, they brought operational risk to the forefront of banks’ attention. The accord indicated quite clearly that if banks wanted to get their operational risk right, their frameworks must be structured in one of three ways, with the advanced measurement approach (AMA) being seen as the gold standard of those three.
But uptake of the AMA
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