OPR Details - Central Bank Of Cyprus - Οικοσελίδα

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					OPR Details                                                 OPERATIONAL RISK: GROSS LOSSES BY BUSINESS LINES AND EVENT TYPES IN THE LAST YEAR

                                                                                                                                                                         MEMORANDUM ITEM: THRESHOLD
                                                                                                EVENT TYPES
                                                                                                                                                                          APPLIED IN DATA COLLECTION
                                                                                                                                                           TOTAL EVENT
  MAPPING OF LOSSES TO BUSINESS LINES                                       EMPLOYMENT                                                        EXECUTION,
                                                                                           CLIENTS, PRODUCTS   DAMAGE TO      BUSINESS                        TYPES
                                                     INTERNAL   EXTERNAL   PRACTICES AND                                                      DELIVERY &
                                                                                               & BUSINESS       PHYSICAL   DISRUPTION AND                                   LOWEST        HIGHEST
                                                       FRAUD     FRAUD       WORKPLACE                                                         PROCESS
                                                                                               PRACTICES         ASSETS    SYSTEM FAILURES
                                                                              SAFETY                                                         MANAGEMENT
                                                        1          2             3                 4               5              6               7             8              9            10

                               Number of events

CORPORATE FINANCE   [CF]       Total loss amount

                               Maximum single loss

                               Number of events

TRADING AND SALES   [TS]       Total loss amount

                               Maximum single loss

                               Number of events

RETAIL BROKERAGE   [RBr]       Total loss amount

                               Maximum single loss

                               Number of events

COMMERCIAL BANKING      [CB]   Total loss amount

                               Maximum single loss

                               Number of events

RETAIL BANKING   [RB]          Total loss amount

                               Maximum single loss

                               Number of events
PAYMENT AND SETTLEMENT
                               Total loss amount
[PS]
                               Maximum single loss

                               Number of events

AGENCY SERVICES   [AS]         Total loss amount

                               Maximum single loss

                               Number of events

ASSET MANAGEMENT    [AM]       Total loss amount

                               Maximum single loss

                               Number of events

TOTAL BUSINESS LINES           Total loss amount

                               Maximum single loss
OPR Details


                                                                    Legal references to the Directive of the Central Bank of
                                                                     Cyprus to the banks for the calculation of the capital
 ID                                   LABEL
                                                                       requirements and large exposures (ref.to the EU
                                                                    Directives 2006/48/EC& 2006/49/EC) and Comments
                                                                COLUMNS
1 to 7 Definition of Event Types                                   Unit A, Annex X, Part 4, page 314 (Annex X part 5 of Directive 2006/48/EC).

  8    Total event types                                           For each business line the figures are the simple aggregation (number of events
                                                                   and total loss amount) or the maximum (maximum single loss) of the data by
                                                                   event types. But there is a particular case for the data on number of events and
                                                                   maximun single loss for the " Total business lines" (see comments below)

       Memorandum items:Thresholds applied in Data Collection      Unit A, Annex X, Part 3, Paragraph 15, last sentence, page 309 (Annex X part 3
                                                                   point 15 last sentence of Directive 2006/48/EC).
 9,10 Lowest / Highest                                             Unit A, Annex X, Part 3, Paragraph 15, page 309 (Annex X part 3 point 15 of
                                                                   Directive 2006/48/EC). If there is only one threshold for all the events in each
                                                                   business line, only the column lowest should be filled in. In the case that there are
                                                                   different thresholds applied within the same regulatory business line, then both
                                                                   columns should be filled in.
                                                                 ROWS
       Definition of Business Lines                                See OPR template
       Mapping of losses to business lines                         Unit A, Annex X, Part 3, Paragraphs 14-15 and 17, page 309 (Annex X
                                                                   part 3 points 14-15 and 17 of Directive 2006/48/EC). The following
                                                                   information required for each business line should be reported according to
                                                                   the thresholds applied (see above).
       Number of events                                            Number of events recorded by business line.
                                                                   If one event has an impact on several business lines it should be reported
                                                                   in all the business lines where the loss is over the relevant threshold. Also,
                                                                   in this case the total number of events for "Total business lines" and "Total
                                                                   event types" will be lower than the aggregation of the number of events by
                                                                   business lines since those events with multiple impacts will be considered
                                                                   as just one .
Total loss amount      Aggregation of the losses recorded in the internal data base for each
                       business line and, if it is the case, broken down by event types
Maximum single loss    Maximum single loss recorded by business line. In the case of the
                       maximum single loss for "Total business lines" and "Total event types"
                       those events with an impact on different business lines should be
                       considered as a single one and, accordingly, the maximum single loss in
                       that cell may be higher than the higher of the maximum single losses by
                       business lines.
Total business lines   For each event type the figures are:
                       - The number of events over the threshold by event type for the total
                       business lines. This figure may be lower than the aggregation of the
                       number of events by business lines since here those events with multiple
                       impacts will be considered as just one.
                       - The total loss amount is the simple aggregation of the total loss amount
                       for each business line.
                       - The maximum single loss is the maximum loss over the threshold for
                       each event type and for the total business lines. This figure may be higher
                       than the highest single loss recorded at each business line when an event
                       impacts different business lines.

				
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posted:3/13/2011
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