Basel QIS 6 a 'mini-LDCE'


The sixth quantitative impact study (QIS) being carried out the Basel Committee on Banking Supervision is viewed by some as a mini loss-data collection exercise (LDCE) for operational risk data, according to Mark O'Dell, deputy comptroller for operational risk at the US Office of the Comptroller of the Currency, in his keynote speech at OpRisk USA held in New York on March 24.

Banks are being asked to supply several pieces of information for op risk measurement in a manner identical to the 2008