CA-A.3.9
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 in a basic indicator approach, applying the measurement framework described in Chapter CA-7 of this Module; and
(b) The second alternative methodology (i.e. the standardised approach) is set out in detail in Chapter CA-7 including the procedure for obtaining the CBB's approval. This methodology is subject to the fulfilment of certain conditions (as outlined in Module OM).The use of this methodology is, therefore, conditional upon the explicit approval of the CBB.
Amended: January 2011
Apr 08
Apr 08