BCBS 196

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Definition

BCBS 196 is a document published by the Basel Committee on Banking Supervision on June 2011 in the Supervision category.

Title

Operational Risk - Supervisory Guidelines for the Advanced measurement Approaches.

Abstract

The Basel Committee on Banking Supervision issued two papers on operational risk: Principles for the Sound Management of Operational Risk and Operational Risk - Supervisory Guidelines for the Advanced Measurement Approaches.

The regulatory capital adequacy framework envisages that, over time, the operational risk discipline will continue to mature and converge towards a narrower band of effective risk management and measurement practices. The guidance on advanced measurement approaches promotes improvement in this area by setting out supervisory guidelines relating to governance, data and modelling.

A consultative version ofthis report was issued for public consultation in December 2010. The Committee appreciates the constructive comments received and thanks those who have taken the time and effort to express their views on the consultative document.

  • Consultative version (December 2010)
  • Comments received on the consultative version (March 2011)

Document Profile

See Also

Disclaimers

For definitive information on regulatory matters always consult primary sources, especially where it concerns legally binding rules and regulations.

The above regulatory document abstract is quoted verbatim in this Open Risk Manual entry and provided free of charge for the convenience of all internet users. There is no explicit or implicit endorsement of this web service by the Bank of International Settlements. The copyright of the included material rests with the original authors (Links to the original texts are duly provided).