Asean loss database consortium put on ice

SINGAPORE - The initiative to set up a loss data consortium for operational risk data for the Asean countries has been postponed until all the individual countries have set up their own national loss databases.

A survey conducted in June 2007 to determine the appeal of a loss consortium among firms in the 10 member nations showed 19 out of the 27 banks who responded to the survey, from Malaysia, Burma, the Philippines, Singapore, Thailand and Vietnam, would consider joining an external loss data

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