The 2002 Loss Data Collection Exercise for Operational Risk: Summary of the Data Collected
- Topics:
- Enterprise Risk Management
- Tags:
- Bank,
- Security,
- Risk Management,
- Management,
- Financial Services,
- Financial Planning,
- Finance,
- Data Collection,
- Bank For International Settlements,
- Strategy
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Overview: The following article is a summary of the data collected through the 2002 Operational Risk Loss Data Collection Exercise (LDCE) launched by the Risk Management Group (RMG) of the Basel Committee on Banking Supervision in June 2002. The goals of this paper are to describe the results of the 2002 LDCE and to compare the data with the information collected by the RMG in its previous data collection efforts. This paper focuses on the individual loss event data submitted by participating banks. Finally, the paper provides a brief examination of data collected on the share of economic capital that the participating banks allocated to operational risk, as well as their use of information on expected operational losses for pricing, reserving and expensing. The paper ends with a brief analysis of the comprehensiveness of ‘exposure indicator’ data provided by banks.
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Format: HTML | Size: 217KB | Date: Mar 2003 | Pages: 41
