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Operational risk
Loss data collection
In French : Base de données de pertes
Systematic collection of incidents that caused an operational loss, with amount, cause, business line and event type. Without root cause analysis, collection produces nothing.
Source : BCBS PSMOR, principe 6
Related terms
Risk and control self-assessment
An exercise in which frontline staff identify their risks, assess control effectiveness and determine residual risk.
Operational risk taxonomy
A structured classification of operational risk event types, enabling loss aggregation and comparison across business lines or institutions.