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ORX database expected early next year

    • Joseph Radford
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A senior figure at the British Bankers’ Association (BBA), which manages the only interbank database currently functioning, says there is room for two or more databases, and that he doesn’t view ORX as competition. The Global Operational Loss Database (GOLD) started operating in the third quarter of 2000 and currently has 32 members. GOLD records losses of more than $50,000 and has more than 1,000 losses recorded so far. ORX will record losses of €25,000 ($25,000) as most of its members

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