Bank Size, Consolidation and Operational Risk

Veronica Crescenzo and Flavio Pichler
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Veronica Crescenzo: University of Verona
Flavio Pichler: University of Verona

Chapter 7 in Consolidation in the European Financial Industry, 2010, pp 113-130 from Palgrave Macmillan

Abstract: Abstract With the accord entitled International Convergence of Capital Measurement and Capital Standards, issued by the Basel Committee on Banking Supervision in June 2006 (Basel II) and transposed into EU and member states legislation by Directives 2006/48/EC and 2006/49/EC, operational risk in the banking sector came to be defined and regulated for the first time. In particular, operational risk was no longer considered a residual risk with respect to credit and market risk, but was defined explicitly as the risk of ‘loss resulting from inadequate or failed internal processes, people and systems or from external events’.

Keywords: Total Asset; Product Distribution; Operational Risk; Loss Event; Operational Loss (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230275027_7

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