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.

The survey, the so-called second quantitative impact study (QIS 2), was issued by regulators to major banks in early May as Operational Risk went to press.

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 capital charge.

The Basel Committee on Banking Supervision, which in effect regulates international

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

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