Basel's operational risk capital revisions welcomed
Advisors welcome the Basel Committee’s long-awaited proposals for a new standardised approach for calculating operational risk capital, which axes the flawed gross income indicator and puts the focus on bank size
The Basel Committee on Banking Supervision is to dump three of the four op risk capital calculation methods in favour of a new unitary standardised approach.
The existing methods – the standardised approach (TSA), the basic indicator approach (BIA) and its variant the alternative standardised approach (ASA) – have frequently come under fire for failing to reflect the accurate operational risk capital requirements of a wide spectrum of banks. The need for an overhaul became particularly apparent
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