133. In order to stress relevant risk parameters, institutions should use the profit and loss (P&L) …

In order to stress relevant risk parameters, institutions should use the profit and loss (P&L) effect of operational losses as the main metric. Any intrinsic impact caused by the operational risk event should be considered as an operational risk loss (e.g. intrinsic impacts from opportunity costs, or internal costs such as overtime/bonuses, etc., where they relate to an operational risk event). In addition, and only for the purpose of stress testing, any loss of future earnings caused by operational risk events (excluding second-line effects on the macroeconomic environment) should be included. At least the institutions under the advanced measurement approach (AMA) should also take these losses into account as they flow into the internal loss database to calculate the additional capital requirements. When using historical data, external data or scenarios as inputs for both P&L and RWA projections, institutions should take into account and avoid possible double-counting effects on the input side.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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