, our data from a very large US bank show that this bank could suffer, on average, more than four major losses a year. This … bank had seven losses exceeding hundreds of millions of dollars over its 52 documented losses of more than $1 million … characteristic exponent is 0.95 ≤ ≤ 1) shows that this bank can fear extreme operational losses ranging from $1 billion to $11 …

risk, having Basel Pillar II of Basel implications. Second, we utilize data from major banking institutions’ loss …