Op risk models still needed despite SMA, says regulator
Models “play an important role in quantifying risk”, says OCC's Beth Dugan
Operational risk models will continue to play an important role in risk management, despite a proposal by the Basel Committee on Banking Supervision to scrap the advanced measurement approach (AMA), a senior regulator has said.
"I have heard some say that moving away from AMA will mean models will not be needed. That is not the case. Models will continue to play an important role in quantifying risk and should support sound operational risk management," said Beth Dugan, deputy comptroller for
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