Types of operational risk loss by event, May 2009 to May 2011

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Internal fraud continued to be a problem for financial companies. Over the past two years, when internal fraud events appeared in the monthly top five losses, they caused higher losses than any other type of activity. In May, three Asian financial institutions suffered significant losses when their executives engaged in fraudulent activity, with Busan Savings Bank’s loss making up 92% of the month’s total top five losses.

This month’s data included two la

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