We are The voice
The BBA has responded to the Basel Committee’s consultation on the Standardised Measurement Approach for operational risk. We understand the Committee’s conclusions that the current approach, which uses a percentage Read More
The BBA has responded to the Basle Committee’s consultation on a revised approach to the calculation of operational risk capital requirements. We expressed concern that the Committee has not published Read More
In July the Financial Conduct Authority and the Prudential Regulation Authority launched a consultation on “Strengthening accountability in banking: a new regulatory framework for individuals”. In the consultation, the regulators are Read More
The BBA supports the principal objective of CP 45 to clarify banks’ approval processes for AMA changes and the necessary communication with and, where appropriate, approval by bank regulators. We Read More
Whilst the effort to bring about convergence in practices and greater consistency in supervisory practices is noted, it would be helpful to understand whether there was consideration given to review Read More
The BBA is pleased to respond to the consultation on sound practices for the management and supervision of operational risk. Please read the full response via the link below.
Operational risk in market-related activities can arise from many sources Operational risk in market-related activities can arise from many sources, such as poor or inefficient systems and processes, as well Read More
We welcome the guidance offered to supervisors with regard to concentration risk and assessment processes, including the possibility of self-assessment for compliance with the regulatory criteria for recognising insurance mitigation, Read More
The British Bankers’ Association is pleased to respond to the consultation on the draft updated guidance on the management of operational risk in market-related activities. Our response below draws out Read More
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