Problems remain with op risk standardised approach, say banks

US bill HR4296 could scupper US implementation of SMA, say op risk bankers

Ruben Cohen
Ruben Cohen: the SMA "is not a valid model"

The final version of the Basel Committee on Banking Supervision’s operational risk capital rules is an improvement, but will still leave banks and regulators with multiple headaches as they go about implementing it, op risk experts say. 

Speaking at OpRisk Europe on June 12, Ruben Cohen, an independent risk consultant and previously director in op risk analytics with Citi, told delegates: “Many people in this room – including me – don’t believe this is a valid model.”

Attempts to make the SMA

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: