Regulatory Alerts2014-03-31 | 02/17/600/0029/001Added · Updated
Revised Guidelines on Computation of Risk-Weighted Amount for Operational Risk
The Central Bank of Sri Lanka mandates banks to compute operational risk capital charges using the Basic Indicator, Standardised, or Alternative Standardised Approaches. The revised guidelines define operational risk, establish qualifying criteria for migrating between methodologies, and specify business line mappings with corresponding beta factors to calculate risk-weighted amounts. Banks must apply prescribed calculation formulas for gross income and capital charges, ensuring accurate regulatory reporting and obtaining supervisory approval before adopting or reverting to simpler approaches.
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