PET - Plain English Taxonomy

Attribute: CS13315
Concept:
Label: Number Of Loss Events
Concept Guidance:
This is the number of loss events, where the discovery date is during the relevant period. Report only those losses that are treated as operational risk losses, as determined in accordance with relevant prudential standards.For entities with foreign operations, report only the loss events exceeding the equivalent global reporting threshold.For the purposes of this item, report both open and closed events. Open events are those events that have been identified but may not yet have been finalised. For open loss events, report the best estimate of the loss, as at the time of reporting.Operational risk represents the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This includes legal risk, but excludes strategic and reputational risks. 
Dimensions
Dimension Member Description
(EmploymentPracticesAndWorkplaceSafety)
This dimension is used to categorise information reported according to the event in which it relates.
The reported information is due to the occurrence of an event associated with employment practices and workplace safety.Employment practices and workplace safety events represent acts associated with the employment, health or safety laws or agreements, from payment of personal injury claims or from diversity/discrimination events.Employment practices and workplace safety includes the following: - employee relations, including compensation, benefit, termination issues, organised labour activity; - safe environment, including general liability (slip and fall, etc), employee health and safety rules events, worker's compensation.