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ABA starts data collection for operational risk database

WASHINGTON, DC -- The American Bankers Association (ABA) said in late December it was starting an operational risk database. The confidential pooling venture, available exclusively to ABA members, will cost subscribers $10,000 a year.

The database will be run by the Operating Risk Committee, formed in December 2002 by the ABA, the main trade organisation for the US banking industry. The committee

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