Final draft RTS on establishing a risk taxonomy on operational risk that complies with international standards and a methodology to classify the loss events included in the loss data set based on that ...

In 2004, bankers were still hooked on their Blackberries, Google Maps hadn’t yet been launched, and generative artificial intelligence was the stuff of science fiction. The world looks quite different ...

European Union regulators are ready to work with international peers to establish a global taxonomy for classifying operational risks as part of the risk-based capital regime for banks, but few expect ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

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