Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to Banks

Chapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof

33. Operational risk: six-monthly return

Directives and interpretations for completion of six-monthly return concerning operational risk (Form BA 400)

Subregulation (9) Advanced measurement approach

Subregulation (9)(d) Qualifying criteria

Subregulation (9)(d)(ii) Qualitative standards
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(ii)Qualitative standards

 

A bank that wishes to adopt the advanced measurement approach for the calculation of the bank's capital requirement relating to operational risk shall comply with the qualitative requirements specified in regulation 39(15).