Effects of the financial crisis on banking operational losses

Paper - March 2013

Although many of the additional operational losses experienced during the crisis period may not be directly attributable to credit risk events, a rise in fraud, lawsuits, and processing errors in the wake of the market turmoil and institutional failures may have been indirectly precipitated.

This paper seeks to understand which banks, business lines and loss event types were most affected during the financial crisis, when those events occurred and whether the effects were temporary or persistent.