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Frequently asked questions on the Basel III standardised approach for operational risk

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Summary of document history   Previous version Previousconsultation This version Subsequentconsultation Subsequentversion This version BCBS  |  FAQs  |  14 August 2019  |  Status:  Forthcoming PDF full text (115kb)  |  6 pages Topics: Operational risk The Basel Committee on Banking Supervision finalised the the new standardised approach (SA) for operational risk capital, as published in the final Basel III standards in December 2017. To promote consistent global implementation of those requirements, the Committee has agreed to periodically review

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Summary of document history  

This version

BCBS  | 
FAQs
 | 
14 August 2019
 | 
Status:  Forthcoming
PDF full text
 (115kb)
 |  6 pages

The Basel Committee on Banking Supervision finalised the the new standardised approach (SA) for operational risk capital, as published in the final Basel III standards in December 2017. To promote consistent global implementation of those requirements, the Committee has agreed to periodically review frequently asked questions (FAQs) and publish answers along with any technical elaboration of the standards text and interpretative guidance that may be necessary. 

The document published today sets out the first set of FAQs on the standard.

International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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