Top five op risk loss events in June 2009
1. Loss amount: $106.14 million
Firm: Government Service Insurance System (GSIS)
BIS event type: Systems
BIS business line: Insurance (non-BIS)
The Philippines state-owned insurance company lost at least $106.14 million as a result of systems failure. Beginning in March, the company's database management system crashed multiple times after one table crossed a certain data storage limit, affecting
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