Accord Loss Database
Chase Cooper's Accord (Automated Chase Cooper Operational Risk loss Database) system is a database of loss events providing companies with an invaluable tool for Operational Risk assessment, analysis and challenge.
Offering a wealth of common loss scenarios, Accord allows organisations to challenge and validate risk and control assessments, and makes the conceptualisation of unusual scenarios realistic and easy.
Chase Cooper's Accord Loss Database system:
- Provides extensive coverage of recent, industry-wide loss events, catalogued according to Basel II business lines and loss event types
- Presents each entry in three formats – general, summary and detailed - with a strong emphasis on quality rather than quantity, giving a fact-only description of events and leaving the user free to form their own opinion
- Covers twenty six countries across six continents, giving the user an international perspective
- Can be used to fill any data gaps that the company may have identified, further improving the accuracy of modelling and other evaluation tools and creating the potential to reduce capital charges, bypassing the need to expend resources on acquiring the large amounts of data required