Loss Event
ERM Core captures operational losses to the standard regulators and auditors expect — from a single loss event, through validation and its materiality tier, to each entity’s monthly loss report.
Pages in this section
Section titled “Pages in this section”| ID | Page | For |
|---|---|---|
| B3.1 | Recording a loss event — four dates, Basel event type, near miss; the system-issued event code | Reporter, Risk Champion |
| B3.2 | Amounts, currencies and FX — gross, recovered, net; original currency; conversion to THB | Reporter, Entity Risk Manager |
| B3.3 | Materiality tiers — computed from the group’s thresholds; routing; restatements | Entity Risk Manager, Executive |
| B3.4 | Validation and visibility — Draft → Submitted → Under review → Validated / Rejected / Returned → Closed; Reported-Then-Visible; sensitive events | Entity Risk Manager |
| B3.5 | Loss data set and regulatory watchlist — the period-frozen data set; events nearing a reporting threshold; audit overlap | Entity Risk Manager, Compliance |
| B3.6 | Monthly loss report and nil return — filing the month; the period freezes on RMC acceptance | Entity Risk Manager, RMC |
A loss event from start to finish
Section titled “A loss event from start to finish”- A reporter records the event with its dates, cause and Basel event type (B3.1), and its amounts in the original currency (B3.2).
- The system computes the materiality tier and routes the event (B3.3).
- The entity’s own Entity Risk Manager validates or rejects it. Only a validated event becomes visible to the parent (B3.4).
- Recoveries and revaluations are added as the position changes; the latest position drives the tier.
- The entity files its monthly loss report, or a nil return; the period freezes when the RMC accepts it (B3.6) and feeds the loss data set (B3.5).
Related
Section titled “Related”- ERM Core overview
- RCSA — every loss event is tied to a risk in the register
- Standards mapping — the Basel event types