Bank loss-reporting rules for operational failures set out by EU regulator
( June 2, 2026, 09:49 GMT | Official Statement) -- MLex Summary: The European Commission set out detailed rules outlining how banks must measure, classify and report losses arising from operational failures, including fraud, cyberattacks, system outages and misconduct. The rules also establish when smaller banks can temporarily avoid calculating annual loss figures and how acquired businesses' loss records must be incorporated after mergers and acquisitions. The rules are now subject to scrutiny by the European Parliament and the member states.Documents attached. ...
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