Basel survey signals focus of discussion paper
The focus of the operational risk discussion document planned by global banking regulators is signalled in a survey seeking information on banks’ losses from such hazards as fraud, computer system failure and trade settlement errors.
Its primary purpose is to collect in confidence "event by event" - or granular - data on losses suffered by banks over the past three years, so regulators can decide on the form of the internal measurement approach for calculating an op risk capital charge.
The Basel Committee on Banking Supervision, which in effect regulates international
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