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ORX loss database expected to start soon

NEW YORK -- More than a dozen large global banks plan to form a new not-for-profit venture to pool operational risk data this spring. The Operational Risk Data Exchange (ORX) will be incorporated in Switzerland -- selected for its data privacy and confidentiality laws -- and will replace earlier multi-bank op risk data pooling ventures in Europe and North America.

Angelina Colombo, a project

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