Expert panel on operational risk

The expert panel on operational risk is tasked with exploring industry-wide issues arising from the Capital Requirements Regulation (CRR) and the Solvency Regulation (Solvabilitätsverordnung, or SolvV) concerning the capital backing of operational risk.

The CRR, which entered into force with effect from 1 January 2014, sets forth minimum capital adequacy requirements for institutions and uniform standards throughout Europe for the backing of operational risk with own funds. This expert panel discusses the variety of topics which arise when these requirements are applied – not just for the credit institutions implementing them, but for supervisory practitioners, too.

It has proven to be a valuable forum for close interaction between the banking industry and banking supervisors. Looking ahead, it is hoped that this expert panel will continue to yield clear insights – for the banking industry and banking supervisors alike – into the matters at hand and deliver suitable responses to the challenges they raise. Issues which can only be clarified at the European level are coordinated by this expert panel.