Demands on loss consortia changing, says BBA and consultancy
British Bankers' Association launches co-operative effort with RiskBusiness
Financial services firms are demanding more qualitative data from their operational risk loss data consortia than in the past, according to David Dooks, director of statistics at the British Bankers' Association (BBA).
Dooks believes that where previously institutions had expected only "simplistic" statistical analysis from consortia such as ORX or the BBA's own Global Operation Loss Database
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