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ABA: The American Bankers Association

Operational Risk Data Sharing Consortium

Bank Members Only

Formed in January 2003, the Consortium facilitates a confidential exchange of operational loss data among peer banks. The purposes of sharing operational loss data are to assist in benchmarking by business line and loss event type among peer institutions, and to assist in complying with the regulatory requirement of gathering external loss event data as part of the operational risk management framework.

The Consortium membership consists primarily of large U.S. regional banks. The group defines and reviews operational risk data reporting methodologies and categories; facilitates benchmarking of loss experiences with peer banks.

Member Benefits:

  • Establishing consistency in loss event classifications and data reporting methodologies
  • Pooled loss event data used in operational risk modeling, e.g., for stress testing / capital planning / AMA
  • Summary and benchmarking reports for easy peer-to-peer comparisons
  • Cross-firm comparisons of severity / frequency distributions
  • Networking with peer banks through monthly / quarterly conference calls and annual in-person meetings
  • Associated working groups: reporting group and analytics group provide forums for sharing ideas and lessons learned

Staff Contact: Afifa Klouj

Bank Members, sign in to join this group.