OpRisk Europe: Revised ORX reporting standards due imminently
New standards will clarify definitions and requirements for reporting to loss data consortium
The Operational Risk data eXchange (ORX) has finalised updated reporting standards, according to Simon Wills, executive director of the consortium. Wills says the standards should be published before June 17.
Earlier in the week, Günther Helbok, head of operational risk and risk integration at Bank Austria, spoke at the OpRisk Europe conference in London to discuss the incoming standards. Helbok
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