Banks call for collaboration with regulators on op risk models

Supervisors would benefit by learning about latest industry techniques

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Banks should collaborate with regulators on new modelling techniques for op risk

Banks need to be more open to collaborating with regulators on new modelling techniques for operational risk, HSBC and Santander said at the OpRisk Europe conference in London on June 11.

Andrew Sheen, head of the operational risk use test at HSBC and a former bank supervisor, agreed with Santander's head of operational risk methodology, Peter Mitic, who suggested regulators might be able to learn more about up-to-date ways of calculating capital numbers to cover a firm's operational risks by

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