Basel survey signals focus of discussion paper

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 - 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