Recital 6 Consistent assessment of the economic impact of an incident

Since credit institutions means a credit institution as defined in Article 4(1), point (1), of Regulation (EU) No 575/2013 of the European Parliament and of the Council (^32^); Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). are subject both to the framework for classification of incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; under Article 18 of Regulation (EU) 2022/2554 and to the operational risk means the potential for loss or disruption caused by an incident and is to be expressed as a combination of the magnitude of such loss or disruption and the likelihood of occurrence of the incident; framework under Commission Delegated Regulation (EU) 2018/959(³)Commission Delegated Regulation (EU) 2018/959 of 14 March 2018 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards of the specification of the assessment methodology under which competent authorities permit institutions to use Advanced Measurement Approaches for operational risk (OJ L 169, 6.7.2018, p. 1, ELI: http://data.europa.eu/eli/reg_del/2018/959/oj)., the approach for assessing the economic impact of an incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; based on the calculation of costs and losses should, to the greatest possible extent, be consistent across both frameworks to avoid introducing incompatible or contradicting requirements.