The AMA also requires consistent comprehensive operational risk capture, which promotes an enterprise-wide assessment across all business units within an entire organization. Moreover, qualifying for the AMA requires strong senior management and  2  BIS Review 59/2008  board oversight of the entire process. In designing AMA requirements, supervisors decided against creating a mandated, standard treatment and instead allowed for considerable flexibility.
In the euro area, countries have taken unprecedented steps to stabilise and support their economies, with national fiscal measures taken thus far amounting to around 4.5% of euro area GDP. Those national efforts have been reinforced by policy moves at the European level.