Oric sets benchmark operational risk scenarios

If op risk managers at banks had been aware of a table of benchmark scenarios based on the loss data from more than 23 firms before Basel II had been implemented, they would walked over hot coals to get it. A guide produced by the Operational Risk Consortium (Oric), the operational risk loss data consortium set up by the Association of British Insurers (ABI), does just that for insurance firms struggling to get to grips with operational risk management a full two years before Solvency II comes