Explanation:
Under the Basel framework for operational risk, banks are required to maintain a comprehensive operational risk loss database. The key reference dates that must be recorded for each operational loss event include:
"Date of assessment" is not a standard reference date required for operational loss event data collection and reporting. Therefore, it is the least likely to be deemed an important reference date under regulatory standards.
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Q.27 Banks are required to report not only gross loss amounts associated with each operational loss event but also the reference dates of the event. Which of the following important dates is least likely an important date for an operational incident?
A
Date of occurrence
B
Date of accounting
C
Date of reporting
D
Date of assessment
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