{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2016:SHAOYAXYOZN6Y74FVUKUP22MRV","short_pith_number":"pith:SHAOYAXY","canonical_record":{"source":{"id":"1607.02319","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2016-07-08T11:21:48Z","cross_cats_sorted":[],"title_canon_sha256":"822bc084dd2a7b87ecb38ee38ac87e92e8b78fa0f5d609acb78a6c3fbc1c3807","abstract_canon_sha256":"d0d23885907f145472784d9bdb649ce3adfe3ac4c971adb68f588b5b54306b3c"},"schema_version":"1.0"},"canonical_sha256":"91c0ec02f8765bec7f85ad1547eb4c8d61ebe0a93f3a76c27db4e7ab0b50cc1d","source":{"kind":"arxiv","id":"1607.02319","version":2},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1607.02319","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"arxiv_version","alias_value":"1607.02319v2","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1607.02319","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"pith_short_12","alias_value":"SHAOYAXYOZN6","created_at":"2026-05-18T12:30:44Z"},{"alias_kind":"pith_short_16","alias_value":"SHAOYAXYOZN6Y74F","created_at":"2026-05-18T12:30:44Z"},{"alias_kind":"pith_short_8","alias_value":"SHAOYAXY","created_at":"2026-05-18T12:30:44Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2016:SHAOYAXYOZN6Y74FVUKUP22MRV","target":"record","payload":{"canonical_record":{"source":{"id":"1607.02319","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2016-07-08T11:21:48Z","cross_cats_sorted":[],"title_canon_sha256":"822bc084dd2a7b87ecb38ee38ac87e92e8b78fa0f5d609acb78a6c3fbc1c3807","abstract_canon_sha256":"d0d23885907f145472784d9bdb649ce3adfe3ac4c971adb68f588b5b54306b3c"},"schema_version":"1.0"},"canonical_sha256":"91c0ec02f8765bec7f85ad1547eb4c8d61ebe0a93f3a76c27db4e7ab0b50cc1d","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T01:04:41.111582Z","signature_b64":"R6TdhJuyn3yBCsbvz4IWnW3rh71ESXjR8Ie04XcufA1CIWgbYt8PSd0++hbEm15ZJqz18US0bnmJX9eUH5HKAA==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"91c0ec02f8765bec7f85ad1547eb4c8d61ebe0a93f3a76c27db4e7ab0b50cc1d","last_reissued_at":"2026-05-18T01:04:41.111014Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T01:04:41.111014Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1607.02319","source_version":2,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T01:04:41Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"4E0evUfKiYQkbxHElKINJkUAQfH2POe037pQdRhL7HANbx/tTDfkF6x4+VMc9UFT/uT6AWp3wgpuwGbYFTFdCw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-25T23:01:47.501115Z"},"content_sha256":"ceb6a5f609837ea611beeb6047f17fb1aebe3cb13b01bbd780553a8066d28f07","schema_version":"1.0","event_id":"sha256:ceb6a5f609837ea611beeb6047f17fb1aebe3cb13b01bbd780553a8066d28f07"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2016:SHAOYAXYOZN6Y74FVUKUP22MRV","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Should the advanced measurement approach be replaced with the standardized measurement approach for operational risk?","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.RM","authors_text":"Ariane Chapelle, Bertrand Hassani, Gareth W. Peters, Pavel V. Shevchenko","submitted_at":"2016-07-08T11:21:48Z","abstract_excerpt":"Recently, Basel Committee for Banking Supervision proposed to replace all approaches, including Advanced Measurement Approach (AMA), for operational risk capital with a simple formula referred to as the Standardised Measurement Approach (SMA). This paper discusses and studies the weaknesses and pitfalls of SMA such as instability, risk insensitivity, super-additivity and the implicit relationship between SMA capital model and systemic risk in the banking sector. We also discuss the issues with closely related operational risk Capital-at-Risk (OpCar) Basel Committee proposed model which is the "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1607.02319","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T01:04:41Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"Cyt6CL90myri9KW25kQZOz55lsKYDlxPj4BxykmiMrKNuSsrg55luAD/0r4gjuHdL8XksZKyP3j56Jp8zcwTCQ==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-25T23:01:47.501473Z"},"content_sha256":"c8ba4e358e263aeb1adfb55f99a09b4e570d03458010451b85ade671b1d48a6b","schema_version":"1.0","event_id":"sha256:c8ba4e358e263aeb1adfb55f99a09b4e570d03458010451b85ade671b1d48a6b"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/bundle.json","state_url":"https://pith.science/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-25T23:01:47Z","links":{"resolver":"https://pith.science/pith/SHAOYAXYOZN6Y74FVUKUP22MRV","bundle":"https://pith.science/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/bundle.json","state":"https://pith.science/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/state.json","well_known_bundle":"https://pith.science/.well-known/pith/SHAOYAXYOZN6Y74FVUKUP22MRV/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2016:SHAOYAXYOZN6Y74FVUKUP22MRV","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"d0d23885907f145472784d9bdb649ce3adfe3ac4c971adb68f588b5b54306b3c","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2016-07-08T11:21:48Z","title_canon_sha256":"822bc084dd2a7b87ecb38ee38ac87e92e8b78fa0f5d609acb78a6c3fbc1c3807"},"schema_version":"1.0","source":{"id":"1607.02319","kind":"arxiv","version":2}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1607.02319","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"arxiv_version","alias_value":"1607.02319v2","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1607.02319","created_at":"2026-05-18T01:04:41Z"},{"alias_kind":"pith_short_12","alias_value":"SHAOYAXYOZN6","created_at":"2026-05-18T12:30:44Z"},{"alias_kind":"pith_short_16","alias_value":"SHAOYAXYOZN6Y74F","created_at":"2026-05-18T12:30:44Z"},{"alias_kind":"pith_short_8","alias_value":"SHAOYAXY","created_at":"2026-05-18T12:30:44Z"}],"graph_snapshots":[{"event_id":"sha256:c8ba4e358e263aeb1adfb55f99a09b4e570d03458010451b85ade671b1d48a6b","target":"graph","created_at":"2026-05-18T01:04:41Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"Recently, Basel Committee for Banking Supervision proposed to replace all approaches, including Advanced Measurement Approach (AMA), for operational risk capital with a simple formula referred to as the Standardised Measurement Approach (SMA). This paper discusses and studies the weaknesses and pitfalls of SMA such as instability, risk insensitivity, super-additivity and the implicit relationship between SMA capital model and systemic risk in the banking sector. We also discuss the issues with closely related operational risk Capital-at-Risk (OpCar) Basel Committee proposed model which is the ","authors_text":"Ariane Chapelle, Bertrand Hassani, Gareth W. Peters, Pavel V. Shevchenko","cross_cats":[],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2016-07-08T11:21:48Z","title":"Should the advanced measurement approach be replaced with the standardized measurement approach for operational risk?"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1607.02319","kind":"arxiv","version":2},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:ceb6a5f609837ea611beeb6047f17fb1aebe3cb13b01bbd780553a8066d28f07","target":"record","created_at":"2026-05-18T01:04:41Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"d0d23885907f145472784d9bdb649ce3adfe3ac4c971adb68f588b5b54306b3c","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2016-07-08T11:21:48Z","title_canon_sha256":"822bc084dd2a7b87ecb38ee38ac87e92e8b78fa0f5d609acb78a6c3fbc1c3807"},"schema_version":"1.0","source":{"id":"1607.02319","kind":"arxiv","version":2}},"canonical_sha256":"91c0ec02f8765bec7f85ad1547eb4c8d61ebe0a93f3a76c27db4e7ab0b50cc1d","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"91c0ec02f8765bec7f85ad1547eb4c8d61ebe0a93f3a76c27db4e7ab0b50cc1d","first_computed_at":"2026-05-18T01:04:41.111014Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T01:04:41.111014Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"R6TdhJuyn3yBCsbvz4IWnW3rh71ESXjR8Ie04XcufA1CIWgbYt8PSd0++hbEm15ZJqz18US0bnmJX9eUH5HKAA==","signature_status":"signed_v1","signed_at":"2026-05-18T01:04:41.111582Z","signed_message":"canonical_sha256_bytes"},"source_id":"1607.02319","source_kind":"arxiv","source_version":2}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:ceb6a5f609837ea611beeb6047f17fb1aebe3cb13b01bbd780553a8066d28f07","sha256:c8ba4e358e263aeb1adfb55f99a09b4e570d03458010451b85ade671b1d48a6b"],"state_sha256":"8a88658ed9e545b352a4ec15f23ad108f02c777f5ab4a2baa68ec8553f091dda"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"+oAvJMp+Ui5qGYv7aLklNEj+svm1vlQZgXpZ36ew63z/F2mPW4k5MFcycqM6lby4WFmSK7M30HEH9B8ly1v9Cw==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-25T23:01:47.503394Z","bundle_sha256":"4b64d47909962a1c46bc979c1973a6e4f458f9f24d49d38b061f83f28d101e3c"}}