The loss database is the anchor of operational risk management. We assist in developing systems for capturing loss event information consistently, allowing financial institutions to:

  • Measure risk exposure effectively and accurately
  • Justify the cost of new or improved controls and assess their effectiveness
  • Identify trends and “lessons to be learned” over time
  • Use loss data as a potential input for capital calculations

Our Loss Data Collection Framework:
  • Allows banks to capture details of all loss incidents, including near misses and tracking them till their conclusion
  • Complies with the minimum data standards prescribed by Basel II
  • Captures every aspect of the loss events for further analysis and review
  • Includes workflows across various departments and business units to propagate effective role management and division of work.