Regulatory Technical Standards on operational risk loss
- Status: Final draft RTS/ITS adopted by the EBA and submitted to the European Commission
The Regulatory Technical Standards (RTS) on operational risk loss aim to standardise the collection and the record of operational risk losses and to provide clarity on the exemptions for the calculation of the annual operational risk loss and on the adjustments to the loss data set that banks must perform in case of merged or acquired entities or activities. They include:
- RTS on establishing a risk taxonomy on operational risk
- RTS on the condition of ‘unduly burdensome’ for the calculation of the annual operational risk loss
- RTS on the adjustments to institutions' loss data set