Beyond the blueprint
As the Asia-Pacific region's economy grows, it must keep up with international regulations such as Basel II. This has been something of a struggle, particularly where operational risk is concerned. By Ellen Davis
The pace of evolution of operational risk measurement and management in the Asia-Pacific region is uneven at best. Advanced measurement approach (AMA) initiatives have stalled at many domestic banks, while international banks seem to be ramping up their implementation programmes. Moreover, both domestic and international institutions are focusing more on management of specific risks, with one regulator publishing papers on strategic and reputational risk, and others stepping up corporate
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