German banks plan op loss data consortium
A number of German public-sector banks will start pooling operational loss data next year, in a bid to create an op risk loss database that could, they say, eventually include banks from other European countries.
Banks want to improve their op risk management ahead of the new international capital Accord on bank capital, Basel II, which will be implemented at the beginning of 2007. Basel II stipulates a capital charge for op risk.
Both the standardised approach and the advanced measurement approach provided for by Basel II require banks
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