BCBS Proposes Standard Measure for Operational Risk Capital
Regulatory body combines three previous standards and seeks to eliminate advanced option
The Basel Committee on Banking Supervision (BCBS) has issued changes to its operational risk capital framework, including a new standardized measurement approach (SMA) which replaces three previously existing standard approaches for calculating operational risk capital. The changes will be open for public comment for three months until June 3. Comments can be submitted at bis.org/bcbs/commentupload.htm.
"The proposals are an important step towards completing the post-crisis reforms during the
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