• Systems Failure in Bank of Communications2014-9-24
• 88 fraud criminals arrested outside...2014-9-20
• Theft and fraud in card services2014-9-17
• Natural disaster losses in Guang'an, Sichuan2014-9-16
• Realtor fraud in Yichang, Hubei2014-9-14
• System disruption in Bank of Shanghai2014-9-13
• Corruptions in state-owned companies...2014-9-13
• Ponzi scheme that defrauded investors...2014-9-9
• System failure in Industrial...2014-8-27

OP Risk Def. & Data Requirements

Basel Committee on Banking Supervision (2007) defines operational risk as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or form external events (including legal risk). To calculate capital reserve, they requires banks to mix data from 4 sources: internal data, external data, scenario anaysis/expert opinion, business environemtn & internal control factors.