BoJ: Characteristics of operational risks faced by Japanese Banks

15 April 2008

A recent study shows that although the operational risk losses of Japanese are smaller than are those of US banks in terms of frequency and severity, they do have some similarities.

 

In August, the Japanese FSA and the Bank of Japan published a summary of a study on losses arising from operational risk based on data collected from 14 Japanese banks. Although similar surveys on op risk loss data have previously been conducted by the Basel Committee and by the US banking supervisory authority covering the US banks, this is the first survey focusing exclusively on Japanese banks. This article compares the results of the Japanese survey with those of the US survey to highlight the characteristics of op risk faced by Japanese banks.

 

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