Too many agencies involved in AMA for common approach

A Banque de France and WGOR representative told the OpRisk Europe conference yesterday that co-ordination on the AMA is challenging with so many constituents involved; the capital standard was "too flexible", he warned

Viet-Linh Nguyen, Banque de France (speaking)

International co-ordination of the advanced measurement approach (AMA) to operational risk is challenging because there are too many parties involved, the OpRisk Europe conference in London heard yesterday. Viet-Linh Nguyen, head of the operational risk section at Banque de France and representative at the Basel Committee's working group on operational risk, told delegates that the number of agencies now involved in the AMA made it difficult to establish a clear practice of measurement.

"There