Citigroup outlines economic capital modernisation plans

New York – US bank Citigroup is updating and improving its operational risk economic capital assessment, according to a presentation given by Jay Newberry, head of operational risk and based in New York. He was speaking at the Basel Committee on Banking Supervision’s Leading edge issues in operational risk measurement conference in New York, on May 29–30.

Newberry freely admits that op risk economic capital is in a state of evolution at Citigroup. “We have the models, we have them built and we

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