ABI to run op risk database next year

The association, which has already drafted operational loss event criteria following the establishment of a working group to look into the matter in July last year, will act as custodian of the database, called Dipo (Database Italiano delle Perdite Operative).

Banks will submit a subset of their operational loss event information that will be centralised into a pool by the ABI. The data can then be modelled to estimate potential operational losses in Italian banking. Dipo will help Italian banks to rank their operational performance against a national average, as well as allowing them to comply with advanced capital allocation for operational losses as defined under the revised Basel II capital accord proposals.

The scheme has been set up in consultation with international operational loss database hosts like the UK's British Bankers Association and the Geneva Associtation. This should ensure that there is no unnecessary duplication for banks that operate in multiple jurisdictions.

ABI will send a letter to Italian banks at the end of the year seeking formal membership to the current ad hoc scheme. The database will then undergo two test periods before going live in the second half of next year.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: