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Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 Text with EEA relevance article 311a CELEX: 02013R0575-20250629 Definitions
For the purposes of this Title, the following definitions apply: (1) “operational risk event” means any event linked to an operational risk which generates a loss or multiple losses, within one or multiple financial years; (2) “aggregated gross loss” means the sum of all gross losses linked to the same operational risk event over one or multiple financial years; (3) “aggregated net loss” means the sum of all net losses linked to the same operational risk event over one or multiple financial years; (4) “grouped losses” means all operational losses caused by a common underlying trigger or root cause that could be grouped into one operational risk event. |