Basle Survey Signals Focus Of Discussion Paper

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BASLE, SWITZERLAND -- 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.

The survey, the so-called second quantitative impact study (QIS 2), was issued by regulators to major banks in early May as Operational Risk went to press.

Its primary purpose is to collect in confidence "event by event" -- or granular -- da