Basel III: Finalising post-crisis reforms Study Notes contains 11 pages covering the following learning objectives:

* Explain the elements of the new standardized approach to measure operational risk capital, including the business indicator, internal loss multiplier, and loss component, and calculate the operational risk capital requirement for a bank using this approach.

* Compare the SMA to earlier methods of calculating operational risk capital, including the Advanced Measurement Approaches (AMA).

* Describe general and specific criteria recommended by the Basel Committee for the identification, collection, and treatment of operational loss data.