Moody’s preparing pan-European bank operational risk report

London -- Moody’s Investors Service has issued six operational risk assessments over the past few weeks to European banks, and says several more are in the pipeline. The credit rating agency plans to issue a comprehensive report detailing the op risk frameworks at about 30 European banks in October, according to Brendon Young, an analyst at Moody’s in London.

Moody’s was the first of the ‘big three’ credit rating agencies to publicly state how it would evaluate op risk in the future, with a