OPERA™ Basel II utilizes the same underlying measurement logic of risk and performance to assess operational and processing risk. The OPERA™ framework complements and extends mandated operating risk measures, correlating KRI’s, actuarial loss histories and external events to specific quantifiable disruptions in processing. OPERA’s™ Basel II approach allows banks and brokerage firms to quantify changes in operational capital risk measuring what actually happened, against what was supposed to happen, allowing faster risk containment and corrective action.