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

Regulations

Regulations relating to Banks

Chapter III : Corporate Governance

43. Public disclosure

Subregulation (2)(e) Nature and extent of risk exposures

Subregulation (2)(e)(v) Operational risk

Purchase

(v)	operational risk;

A bank—

(A)

shall in addition to the qualitative information specified in paragraph (d) above, disclose to the public sufficiently detailed information relating to the approach(es) adopted by the bank for the measurement of the bank's exposure to operational risk, provided that a bank that obtained the approval of the Registrar to apply different approaches for the measurement of the bank's exposure to operational risk shall provide sufficiently detailed information in respect of the scope and coverage of the different approaches used by the bank;

(B)	that adopted the advanced measurement approach for the measurement of the bank's exposure to operational risk shall provide a sufficiently detailed description of—

(i)	the advanced measurement approach applied by the bank, including a discussion of relevant internal and external factors considered by the bank;

(ii)	insurance obtained by the bank in order to mitigate the bank's exposure to operational risk.