{
  "tool_id": "art-356-compute-oprisk-sma-2026",
  "tool_version": "1.0.0",
  "display_name": "Basel Operational Risk SMA (2026 Reproposal)",
  "mcp_name": "compute_oprisk_sma_2026",
  "mandate_type": "capital_assessment",
  "wave": 62,
  "gpu": false,
  "url": "https://ainumbers.co/chaingraph/art-356-compute-oprisk-sma-2026.html",
  "description": "Basel Standardized Measurement Approach (SMA) for operational-risk capital per the July 2026 US Basel Endgame reproposal (comment period closed 2026-06-18, final expected ~Q4 2026): marginal Business Indicator Component across the $1bn/$30bn buckets (12%/15%/18%) and the Internal Loss Multiplier, applying the reproposal's US-variant ILM neutralization to 1 by default with a switch to model the non-neutralized BCBS d424 formula. rule_status: proposed -- re-pin at finalization. Formula-focused; does not model scenario/portfolio replay (see the SIM-REPLAY suite for that).",
  "input_schema_ref": "chaingraph/art-356-compute-oprisk-sma-2026.html#manifest",
  "consumes": [],
  "feeds": [],
  "status": "live",
  "conformance_fixtures": true,
  "compute_capability": "server",
  "compute_images": [{"system":"sha256-source","image_id":"sha256:e67b9da9f48f588611dee11e1da315939919a5a8b20c287a02840be84ccad970","valid_from":"2026-07-10"},{"system":"risc0","image_id":"sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6","valid_from":"2026-07-19"}],
  "compute_proof": {
    "type": "ZkVmReceipt",
    "system": "risc0",
    "receiptFormat": "groth16-bn254",
    "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
    "seal": "KydyquX+90JF7NmVHYVK9RIX84d4o7c3d6vXJNGyPI0X8irjbfoknOjWjKSqrhfHJtPjwQiYZ0cZbw7vbk/1xSW1NXXxOWjr+f2Tjhv/vKHi5O1I9zI7AgpsXNo2SVXHAbawlLENWo/hLqfDw/EP8go8Z3USvRI3OEBq9cH6Wzodz6ShkOuqsgqDBGNpPHJBgdksvVs5XGErHZ2oFCZHsC9iDMgq5pE4r9xAP1GfdyMxTb0dQxUBQLYJLQblpCrmFlueiXXRAhBkcTdW4g6npWSL//0isZu/hb1gsu8U1Z0CKENwowksojxvVDN62W4+DikzxoswefZsRrAdjUfWGA==",
    "journal": {
      "chaingraph_version": "0.4.0",
      "kernel_digest": "sha256:e67b9da9f48f588611dee11e1da315939919a5a8b20c287a02840be84ccad970",
      "output": {
        "average_annual_loss": 0,
        "bucket": 1,
        "business_indicator": 500000000,
        "business_indicator_component": 60000000,
        "constants_version": "BASEL-SMA-US-2026-PROPOSAL-2026-03-19",
        "fc_avg": 50000000,
        "ildc_avg": 300000000,
        "internal_loss_multiplier": 1,
        "loss_component": 0,
        "note": "Bucket coefficients applied MARGINALLY, not as a flat rate on the whole Business Indicator. ILM neutralization is a US-specific reproposal choice, not a BCBS-standard default -- set use_us_ilm_neutralization:false to model the non-neutralized ILM (BCBS d424 formula) with annual_op_losses supplied.",
        "operational_risk_capital": 60000000,
        "regulatory_basis": "BCBS d424 (Dec 2017 Basel III finalization) Standardized Measurement Approach for operational risk, as carried into the US Basel Endgame reproposal (three NPRs proposed 2026-03-19, comment period closed 2026-06-18): Business Indicator Component via marginal bucket coefficients (12%/15%/18% at $1bn/$30bn), Internal Loss Multiplier neutralized to 1 for US banking organizations per the reproposal (contested provision, subject to change at finalization), RWA = Operational Risk Capital x 12.5.",
        "rule_status": "proposed",
        "rwa": 750000000,
        "sc_avg": 150000000,
        "use_us_ilm_neutralization": true
      }
    }
  },
  "export_capability": [
    "json"
  ],
  "compute_proof_ready": "ready"
}