Regulatory Alerts2024-06-26
BPR151 AMA Operational Risk
The Reserve Bank of New Zealand issued BPR151 to establish the qualitative and quantitative requirements for accredited banks using the Advanced Measurement Approach to calculate operational risk capital. The document mandates that banks maintain robust governance frameworks, independent risk management functions, and rigorous internal validation processes to ensure capital adequacy. It further specifies detailed criteria for data collection, scenario analysis, and the limited recognition of insurance-based risk mitigation in regulatory capital calculations.
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