alternative standardised approach

37one of the following:

1. (a) a version of the standardised approach to operational risk under which a firm uses different indicators for certain business lines as referred to in BIPRU 6.4.19 R (The alternative standardised approach);
2. (b) (where the approach in (a) is being applied on a consolidated basis) the method in (a) as applied on a consolidated basis in accordance with BIPRU 8 (Group risk - consolidation); or
3. (c) when the reference is to the rules of or administered by a regulatory body other than the187 appropriate regulator,187 whatever corresponds to the approach in (a) or (b), as the case may be, under those rules.