Op risk models still needed despite SMA, says regulator

Models “play an important role in quantifying risk”, says OCC's Beth Dugan

Beth Dugan OCC
Beth Dugan, OCC

Operational risk models will continue to play an important role in risk management, despite a proposal by the Basel Committee on Banking Supervision to scrap the advanced measurement approach (AMA), a senior regulator has said.

"I have heard some say that moving away from AMA will mean models will not be needed. That is not the case. Models will continue to play an important role in quantifying risk and should support sound operational risk management," said Beth Dugan, deputy comptroller for

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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