{"id":6666,"date":"2023-06-21T16:50:34","date_gmt":"2023-06-21T14:50:34","guid":{"rendered":"https:\/\/www.imc-group.eu\/banca-di-asti-la-gestione-del-rischio-operativo-per-basilea-iii\/"},"modified":"2023-10-18T10:07:44","modified_gmt":"2023-10-18T08:07:44","slug":"banca-di-asti-operational-risk-management-for-basel-iii","status":"publish","type":"post","link":"https:\/\/www.imc-group.eu\/en\/banca-di-asti-operational-risk-management-for-basel-iii\/","title":{"rendered":"Banca di Asti: Operational Risk Management for Basel III"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

<\/p>\n

A new approach for calculating the capital requirement for Operational Risk<\/strong> comes into effect from January 1, 2022, under the reform of “Basel III” regulations approved by the supervisory body in 2017.<\/p>\n

The Risk Management Department of Banca di Asti expressed the need to equip itself with a framework and technology platform for the definition and digitalization of operational risk management processes in order to adapt to the reform of these regulations.<\/p>\n

IMC then supported the Bank in defining and implementing a path through which implement the new regulatory model on operational risk management.<\/p>\n

Thus, the path included the definition of an operational standard and operational risk management policy, digitization of the processes of operational loss census and collection, Self Risk Assesment, and IT Self Risk Assesment through a technology platform owned by IMC.<\/p>\n

The project allowed not only to digitize the entire management process but also to make the entire set of periodic reporting of the function effective and efficient by supporting it in calculating the capital requirement according to the new standards.<\/p>\n

<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

<\/p>\n

Banca di Asti, today, is a prominent medium-sized banking group. Incorporated in the legal form of a Cassa di Risparmio, it is an independent institution present mainly in the Northwest.<\/p>\n

BVER Bank and Pythagoras (a salary assignment company) are also part of the group. The number of branches is just under 300 and the share capital is nearly 400 Mln. euros.<\/p>\n

\u00a0<\/p>\n

<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Goals Achieved<\/b><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t