ORX report rounds up loss events for members
NEWS
Joe Sabatini, ORX's chairman, and head of the corporate op risk team with JP Morgan in New York, says the report dispels "certain myths about industry losses and confirms many expectations with regard to the real pockets of risk and loss experience. Over time, the trends that become apparent will be insightful."
One statistic that might raise a few eyebrows shows ORX membership – and losses reported – growing every year, while the aggregate loss figure peaked in 2003 and has declined ever since
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