How to built an effective Loss Event Database (LeD)

As required by the local regulators as well as to have proper and adequate operational risk management, one most common methodology is to have lost data and information. Based on that, you may propose, and determine the correct action in order to mitigate the operational risk in terms of impact and/or likelihood. This program offers how to build effective loss data in the organization, including report preparation, loss data form, escalation mechanism, etc.

After completion of this program, participants will be able to:

• Understand more about the concept of loss of data
• How to build an effective loss data form
• How to communicate the issue to Risk Taking Unit (RTU)
• Conduct comprehensive and efficien loss data