Loss data
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.
Basel discussion document will centre on internal measurement approach
Global banking regulators intend to issue in June or July a special discussion document on operational risk in the context of Basel II, the new capital adequacy accord proposed for large international banks from 2004.
A beginning, not an end...
There's a host of operational risk issues still to be ironed out by the global banking industry and its supervisors. Bank regulator Jeremy Quick considers the key questions.