LatAm central banks push op risk loss databases

Latin American regulators are pushing for increased participation in operational risk loss databases, but banks are reluctant to share valuable information, finding it hard to trust it will be kept confidential

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