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 is set to begin collecting information for the database in the first quarter of 2003, and expects to

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