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
- BSO expands into South America with 10 new data centre locations July 14, 2020BSO, the global telecoms operator powering the digital age, has officially entered the South American market, marking another milestone in the company’s fast-paced international expansion and once ag
- TransferWise valuation spikes on stake sale to D1 Capital Partners July 14, 2020D1 Capital Partners has paid $200 million for a four percent stake in TransferWise, raising the company's valuation to $5 billion.
- Square acquires Stitch Labs July 14, 2020We’ve acquired Stitch Labs, an operations management platform for growing commerce brands. Stitch Labs has a strong background in building key tools for businesses such as inventory and order manageme
- Backbase expands Australia and NZ presence July 14, 2020Digital banking software provider, Backbase, has today announced the launch of its new offices in Sydney and Melbourne.
- NAB signs five-year multi-cloud deal with Microsoft July 14, 2020National Australia Bank has signed a five-year deal with Microsoft to co-design, develop and invest in the bank's multi-cloud strategy, porting 1000 of its 2600 apps to Azure as the primary cloud.