Novi-o seeks to broaden op risk scope
LONDON - Novi-o, the operational risk sub-group of the Committee of European Banking Supervisors' expert group on prudential regulation, held a public hearing on its 'Compendium of supplementary guidelines on implementation issues of operational risk', where European supervisors and industry representatives aired their opinions.
The main concerns of the panel addressed issues relating to the scope of operational risk and the allocation of capital under the advanced measurement approach (AMA) to
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