Article 311a
Definitions
For the purposes of this Title, the following definitions apply:
(1)
“operational risk event” means any event linked to an operational risk which generates a loss or multiple losses, within one or multiple financial years;
(2)
“aggregated gross loss” means the sum of all gross losses linked to the same operational risk event over one or multiple financial years;
(3)
“aggregated net loss” means the sum of all net losses linked to the same operational risk event over one or multiple financial years;
(4)
“grouped losses” means all operational losses caused by a common underlying trigger or root cause that could be grouped into one operational risk event.