ORX begins to gain momentum after initial delays to launch


Zurich -- The Operational Riskdata eXchange (ORX) announced at the end of November that the op risk loss data-sharing consortium had overcome some initial hiccups and was now launching an expansion drive.

In the fourth quarter, ORX members submitted qualifying loss data for the third data collection and reporting cycle -- members delivered approximately 6,500 loss data points covering seven quarters. The threshold for losses was lowered from E25,000 to E20,000.

Various working groups are also now

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