ABA sets up new op risk committee

The ABA committee includes senior managers at 10 US banks and aims to boost its numbers over the coming months. Top of the committee’s agenda is to develop a peer group reporting programme designed to collect, analyse and compare participating banks’ op risk events. This will take place on a confidential basis and include data related to robbery, workplace safety, internal fraud and computer security.

The timeframe should give participating banks three years of benchmark data ahead of the

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