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The Risk and Policy Analysis Unit (RPA) conducts research and analysis
to support the
Federal Reserve System's
supervisory efforts, the System's development and implementation of regulatory
policy, and the System's formation of monetary policy.
The RPA has made
significant policy contributions to operational and credit risk studies
in support of the new Basel II Accord.
The RPA has supported efforts to finalize
the treatment of operational and credit risk in the
Basel II Accord by analyzing various quantification
techniques, investigating domestic implementation challenges.
The RPA also participates in the bank supervisory
process by providing expertise in emerging industry
practices on operational and credit risk management
and quantification methodologies for large, complex
and specialized banking organizations that are or will
be expected to utilize sophisticated quantitative techniques
to measure and allocate capital for both operational
and credit risk.
In addition, the RPA contributes to policy deliberations by analyzing information obtained
through the supervisory process regarding the condition
of
the banking industry and
broader credit markets and researching the interrelationships
of financial sector conditions and the macroeconomy. |