Is Operational Risk Regulation Forward-Looking and Sensitive to Current Risks?

Posted: 6 Jun 2018 Last revised: 2 Oct 2020

See all articles by Marco Migueis

Marco Migueis

Board of Governors of the Federal Reserve System

Multiple version iconThere are 2 versions of this paper

Date Written: 2018-05-21

Abstract

This article evaluates whether US large bank operational risk capital requirements are forward-looking, sensitive to banks' current exposures, and allow for risk mitigation, and discusses modifications that could bring regulation closer to these goals while also highlighting the potential pitfalls of doing so.

Suggested Citation

Migueis, Marco, Is Operational Risk Regulation Forward-Looking and Sensitive to Current Risks? (2018-05-21). FEDS Notes No. 2018-05-21-2, Available at SSRN: https://ssrn.com/abstract=3187713 or http://dx.doi.org/10.17016/2380-7172.2198

Marco Migueis (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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Washington, DC 20551
United States

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