Large Foreign Bank Requires Operational Risk Framework Implementation to Complete Basel II Requirements
This complex banking organization which falls under the Advanced Measurement Approach (AMA) for Operational Risk Capital under Basel II provides over 20% contribution to its European parent. The company based in New York required a full-scale implementation of Risk/Control Self Assessment (RCSA) tools, data structures, risk/control content as well as facilitation of Scenario Analysis where frequency and impact measurementswere used to develop OpVar, and ultimately allocate capital back into its business units. Madison-Davis provided the advisory and project leadership that successfully established the firm's existing Operational Risk function.
