Scrap ‘absurd’ op risk RWA framework, says Sands

Ex-StanChart chief exec advocates replacing current op risk capital framework with regulator-set buffer

Peter Sands
Peter Sands: no fan of the SMA

The former chief executive of Standard Chartered has slammed the current framework for calculating operational risk capital as not fit for purpose, advocating a radically different alternative that would replace the risk-weighted assets (RWA)-based approach with a capital buffer determined in part by prudential regulators.

Peter Sands, who served as the boss of StanChart for nine years until 2015 and is now a senior fellow at the Harvard Kennedy School in Cambridge, Massachusetts, says that

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: