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Allied Irish loss puts focus on op risk controls

DUBLIN -- The risk management practices and controls of banks around the world came under scrutiny from investors, credit rating agencies and analysts following the early February news that a rogue trader had defrauded Allied Irish Banks (AIB) of up to $750 million.

The news broke as Operational Risk went to press. The bank, Ireland’s largest, said it had called in the FBI to lead the hunt for

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