Cope, Eric W.; Piche, Mark T.; Walter, John S. - In: Journal of Banking & Finance 36 (2012) 5, pp. 1362-1380
We investigate the relationships between the severity of operational loss events reported in the banking sector and various regulatory, legal, geographical, and economic indicators. Based on a data sample of over 57,000 losses incurred in more than 130 countries reported by the Operational...