Another reason for such high standards is that the risk management improvements in Basel II offer broader safety and soundness benefits, beyond those associated with capital requirements. Risk management and the AMA There are strong linkages between the AMA and supervisory expectations for sound management of operational risk.
There is no doubt that econometric analysis of African economies is severely hampered by the paucity of reliable data, especially high frequency economic data. As a result, estimating time series relationships is often very difficult. Data on some of the key variables in these relationships, such as GDP, are often lacking at the frequency which is required for estimation.