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
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