Advanced measurement approach (AMA)
FSA vague on AMA waiver pack approach
The UK Financial Services Authority is remaining tantalisingly vague about its potential approach to a waiver pack for those banks who wish to apply for the advanced measurement approach (AMA), say industry executives.
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Basel II's advanced measurement approach (AMA) requires that the operational risk capital charge be allocated to banks' international subsidiaries. This means that individual banks will have to run multiple AMA models to meet multiple local regulatory…
HKMA takes the lead
The Hong Kong Monetary Authority has put together its national implementation guidelines for Basel II, making it one of the first regulators globally to detail its qualifying criteria for those banks aiming for the internal ratings-based approaches in…
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
Non-G10 countries to implement Basel II over 2007-09
South Africa has set January 1, 2008 as the implementation date for the new Basel Accord, also known as Basel II, according to Carel Oosthuizen, the head of Basel II implementation at the South African Reserve Bank.
Le Pan takes on group allocation
Nicholas Le Pan, head of the Basel Committee's Accord Implementation Group, must sort out the challenging home-host issue. The success of Basel II depends on it.
HKMA to rule out AMA approach
Hong Kong's banking regulator, the Hong Kong Monetary Authority (HKMA), will not allow the territory's banks to use the advanced measurement approaches (AMA) for measuring operational risk when Basel II is implemented from the end of 2006.
EU Commission publishes "final" CAD text
The European Commission released its final version of the legislative text that will implement the Basel II framework within the European Union at the end of last week.
UK FSA writes AMA strategy anew
An official from the UK's Financial Services Authority (FSA) sketched in some details of the regulator's approach to the operational risk portions of Basel II implementation in that country at an operational risk conference held in early July in London.
Basel II Alert - Highlight of Critical Changes
It has been more than six years in the making, but the final text of the Basel II framework has arrived. The Basel Committee on Banking Supervision published the text at the end of June to a mix response from the financial services industry.
Basel II published, industry takes stock and regulators refocus energies
The final Basel II document was published to great fanfare on Saturday in Basel, Switzerland. The final document - even longer than the previous third consultative paper released in April 2003 - will take some time for the industry and the world's…
Tweaks to op risk in Basel II in pipeline
The Basel Committee on Banking Supervision announced in mid-May that it would delay the implementation of the advanced measurement approach (AMA) for op risk, as well as the advanced internal ratings-based approach for credit risk, until the end of 2007…
IIF comments on recent Basel announcement
The Institute of International Finance (IIF), a global association of financial institutions, issued a statement yesterday welcoming the proposals that the Basel Committee on Banking Supervision published the day before, but also noted that more work…
Basel II proposal out in June; AMA/IRB approaches to be delayed
Yesterday, the Basel Committee on Banking Supervision confirmed that it will release the New Basel Accord, also known as Basel II, at the end of June 2004. But the Committee said the implementation of the advanced measurement approach (AMA) for…
Hong Kong focuses on Basel Sound Practices on OpRisk Management
Hong Kong will focus on implementing the Basel Sound Practices for Operational Risk Management rather than the Advanced Measurement Approaches (AMA), according to Simon Topping, executive director for Banking Policy at the Hong Kong Monetary Authority.
Observations on the differences between operational risk regulatory and economic capital
In this article, Niklas Hageback takes a practical look at the difficulties in reconciling regulatory and economic capital calculation in the discipline of operational risk.
Extensive revisions expected for EU CAD in July draft
Substantial changes in content will have occurred to the EU Capital Adequacy Directive (CAD) when the final EU Commission draft is published in July. And domestic European regulators are warning that further alterations will take place to the document…
Regulators remain fuzzy on practicalities of AMA group allocation approach
Both US and UK regulators offered only clues about how the various controversies surrounding the group allocation issue would be resolved at OpRisk Europe and OpRisk USA, hosted by Incisive Media in March.
Regulators not keen to define "significant" international subsidiary
It is highly unlikely that Basel II regulators will have a precise definition of a "significant international subsidiary" in order to make it easier for internationally active banking organisations to determine which of their subsidiaries can calculate…
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…
UK banks blame FSA and EU as they fall behind in the compliance race
UK banks are slipping behind in their preparation for the operational risk portions of Basel II, as well as lowering their expectations of the level of compliance they will be able to achieve. Many firms are quietly beginning to blame the country's…