Cap 155L s 24 Authorized institution shall only use BIA approach, STO approach or ASA approach to calculate its

Contents of Section

Chapter:	155L	Title:	Banking (Capital) Rules	Gazette Number:	E.R. 1 of 2012
Section:	24	Heading:	Authorized institution shall only use BIA approach, STO approach or ASA approach to calculate its operational risk	Version Date:	09/02/2012

(1) An authorized institution—

(a) subject to paragraphs (b) and (c), shall use the BIA approach to calculate its operational risk;

(b) subject to section 26, may use the STO approach to calculate its operational risk only if it has the approval to do so under section 25(2)(a);

(c) subject to section 26, may use the ASA approach to calculate its operational risk only if it has the approval to do so under section 25(2)(a).

(2) Subsection (1) does not prevent an authorized institution from using any combination of the BIA approach, STO approach and ASA approach to calculate its operational risk if that combination is expressly permitted by, and in accordance with, another provision of these Rules. (L.N. 137 of 2011)