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Nematrian Reference Library

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BCBS (2003)The 2002 Loss Data Collection Exercise for Operational Risk: Summary of the Data Collectedhere

Opening paragraph

"The following 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 2002 LDCE asked participating banks to provide information on individual operational losses during 2001, internal capital allocation for operational risk, expected operational losses, and a number of exposure indicators tied to specific business lines. The 2002 LDCE was an extension and refinement of two previous data collection exercises sponsored by the RMG, which focused on banks’ internal capital allocations for operational risk and their overall operational risk loss experience during the period from 1998 to 2000."


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