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CA-1.1.6

For the measurement of their operational risks, conventional bank licensees have a choice, subject to notification to the CBB, between two broad methodologies:

(a) The basic indicator approach, by applying the measurement framework described in Chapter CA-7 of this Module; and
(b) The standardised approach (also in Chapter CA-7) this approach is subject to certain conditions (outlined in Chapter OM-8) and requires the explicit approval of the CBB.
Amended: January 2022
Added: January 2015