Stress Test Data Framework Dictionary 2017: Version 02

Operational_loss_details

This worksheet captures all operational risk loss events in the operational risk loss data system since its inception. Therefore, the template must also include loss events that have already been submitted in previous STDF submissions. The Unique ID is used to make sure that any updates to a particular loss event (e.g. gross operational loss) in the future can be traced back to the original event and the corresponding details amended. The collection only collects the residual losses not collected in FSA073, we expect firms to still submit as per the regulatory request.

201702 OperationalRisk

Order Field Name Enumeration Definition
1 Unique identifier An identifier assigned by a firm to uniquely identify a record within the firm’s system.
2 Legal entity The name of the primary legal entity (unconsolidated) where the operational risk loss occurred.
3 Event type level 1 Eventtypelevel1 An Operational Risk event category as defined in CRR Article 324.
4 Event type level 2 Eventtypelevel2 An operational risk event type (level 2) as defined in Annex 9 of Basel II Accord (BCBS, Basel II: International convergence of Capital Measurement and Capital Standards: A Revised Framework - Comprehensive Version (June 2006)).
5 Event description A description of an operational risk event that resulted in a loss.
6 Country where loss occurred CountryofExposure The country in which the majority of the operational risk loss occurred.
7 Date logged The date on which an operational risk event was first recorded into the firm's operational loss data system (if available).
8 Date of financial impact The date when the operational loss was first recognised in the profit or loss.
9 Date of occurrence The date on which an operational risk event occurred or commenced.
10 Gross operational loss The sum of all profit or loss impacts related to an operational risk event before recoveries of any type. Losses must be recorded as a positive number, gains as a negative number.
11 Gross operational loss net of direct recoveries The gross loss less the direct recoveries. A recovery is an independent occurrence, separate in time from the original event, in which funds are recovered or contributed, usually from or by a third party. Recoveries may be direct or indirect. An indirect recovery is generally an insurance recovery. A direct recovery is any payment (other than an indirect recovery) received by the bank which offsets the loss.
12 Number of events The number of losses caused by the common operational risk event or number of multiple events linked to the root-event.