Conference hears fierce criticism of Basel op risk plans

Op risk professionals pour scorn on SMA charge, but some bank experts speak out in favour

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The Basel Committee on Banking Supervision’s proposed standardised measurement approach (SMA) for calculating operational risk capital came in for withering criticism from practitioners and even regulators at the OpRisk North America conference in New York yesterday (March 15).

Op risk professionals argued that the loss data aggregation and risk modelling exercises fostered by the existing advanced measurement approach (AMA) had helped the industry to improve its understanding of operational

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