Oric sets benchmark operational risk scenarios
Op risk loss database consortium for insurers publishes scenario benchmarks
If op risk managers at banks had been aware of a table of benchmark scenarios based on the loss data from more than 23 firms before Basel II had been implemented, they would walked over hot coals to get it. A guide produced by the Operational Risk Consortium (Oric), the operational risk loss data consortium set up by the Association of British Insurers (ABI), does just that for insurance firms
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