LatAm central banks push op risk loss databases

Learning to share

Latin American bank regulators are pushing for wider use of operational risk loss databases – Argentina has even legislated for mandatory databases and others could follow its example. This regulator-led approach comes as the private sector struggles to develop solutions and many banks express fears over sharing data, for competitive reasons. Until that culture of fear can be overcome, the development of operational risk databases could be limited, and central banks are preparing to play a