OpRisk North America: Union Bank explains capital allocation model
Using the AMA model to drive capital allocation between business units will help satisfy regulators and improve op risk management, conference hears
Splitting up overall capital among business units by risk and loss profiles is a useful technique to drive better operational risk management – as long as it's done right, Union Bank's head of operational risk management Patrick McDermott told delegates at the OpRisk North America conference in New York today.
The regulatory 'use test' requires banks to demonstrate that their risk measurements are
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