Over the next two days, you will be having a number of discussions on specific aspects of operational risk and the advanced measurements approaches (AMA) for calculating riskbased capital requirements under Basel II. Therefore, I can probably best contribute to this conference by offering a broader perspective about risk management and Basel II, using examples from the field of operational risk management.
I will discuss the implementation of Basel II, including enhancements to the framework being undertaken by the Basel Committee on Banking Supervision in light of recent market events, as well as a proposal to implement in the United States a less complex version of the Basel II framework, known as the standardized approach.