Almost concluding thoughts between a comparative analysis and a sensitivity analysis. Look over the regulatory view

The chapter proposes a comparative analysis between the SMA model (Standard Measurement Approach) and the Advanced Measurement Approach. As we underline below, this chapter provides a risk factor sensitivity analysis of the two approaches and attempts to highlight advantages and disadvantages of this new regulatory approach in the field of the Single Supervisory Mechanism Regulation (SSRM). in particular it propose: a) comparative analysis between the new regulatory SMA model (Standard Measurement Approach) and an Advanced Measurement Approach; b) a risk factor sensitivity analysis of the two approaches with the purpose to finally underline the importance to give a regulatory relevance to measurement’s tools directly connected to operational risk level in an integrated perspective. In this perspective and in the light of the main results of the comparative analysis, the Authors attempt to define the impact of the new regulatory approach on financial intermediaries in an integrated risk perspective and propose Operational RAF (Risk Appetite Framework) as an important operational management tool.