ORX and ABA databases to become fully operational

- By Risk Staff
- 01 Mar 2003

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ZURICH, Switzerland
-- The confidential interbank operational risk loss database run by the Zurich-based Operational Risk eXchange association (ORX) has suffered a further delay but is expected to be fully functioning in March this year. Fred Peemoeller, ORX executive committee chairman, said testing the database system thoroughly and ensuring its quality had taken longer than anticipated. Last autumn, he told Operational Risk that he expected the first reports on loss data collected to be

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