On 6th October 2014, the Basel Committee on Banking Supervision released a consultative document (BCBS291) on a proposed replacement for the BIA and TSA/ASA approaches towards the calculation of operational risk capital and interested parties were invited to provide written comments. The official IOR response (and others) can be accessed via the following link:http://www.bis.org/publ/bcbs291/comments.htm
Official IOR response to the BCBS consultation paper on Operational Risk
Finextra Research Headlines
- Cloud9 names Jim Miller COO February 19, 2020Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has appointed Jim Miller as...
- Finastra brings Fusion Phoenix core to the cloud February 19, 2020Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National...
- Ally agrees $2.65bn CardWorks acquisition February 19, 2020Ally Financial has struck a $2.65 billion deal to buy CardWorks, enabling it to enter the credit car...
- FCA flags regulatory gaps and IT outages as key areas of focus February 19, 2020In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks t...
- MUFG to invest $700 million in Grab February 19, 2020MUFG Bank is to invest $700 million in Singapore ride-hailing giant Grab, according to the Nikkei.