A new survey on banks' operational-risk losses includes, for the first time, data on all four data elements that are used in the Advanced Measurement Approach (AMA) for operational risk in the Basel II Framework - internal loss data, external loss data, scenario analysis and business environment and internal control factors (BEICFs).

Some of the main findings are:
• Overall, banks have made considerable progress in the collection and use of internal loss data since the previous exercise in 2002;