CA-A.3.9
Past version: Effective from 01 Apr 2008 to 31 Dec 2010
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For the measurement of their operational risks, banks have a choice, subject to the written approval of the CBB, between two broad methodologies.
(a) One alternative is to measure the risks using a basic indicator approach, applying the measurement framework described in chapter CA-6 of these regulations.
(b) The second methodology (i.e. the standardised approach) is set out in detail in chapter CA-6 including the procedure for obtaining the CBB's approval. This methodology is subject to the fulfillment of certain conditions. The use of this methodology is, therefore, conditional upon the explicit approval of the CBB.
Apr 08