Op risk losses reach lowest point in two years in October
The top losses for October from SAS Software and the US's losses in Q1 2011 from the ABA Operational Loss Data Sharing Consortium
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In October 2011, operational risk losses were at their lowest point in more than two years. Normally, financial institutions experienced at least one major loss exceeding $100 million each month; however, October’s top five losses equalled less than $90 million combined.
Over the past two years, the majority of the top five losses have fallen under the
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