
Types of operational risk loss by event, December 2008 to December 2010
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For the third month in a row, the majority of the top five losses are under the ‘Clients, products and business practices’ heading. A notable exception is Scottish Equitable’s $98.54 million loss due to administrative errors. For the first time since June 2010, a loss in the ‘Transaction capture, execution and maintenance’ category made the top five.
One event accounted for more than half of this month’s losses, making it the second
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