Types of operational risk loss by event, December 2009 to December 2011
MBIA's $1.1 billion settlement with Morgan Stanley in December causes spike in 'clients, products and business practices' losses
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>A spike in internal fraud events made up the majority of exceptionally large losses in 2011, but December’s data included a disproportionately large ‘Clients, products and business practices’ loss. MBIA’s $1.1 billion settlement with Morgan Stanley was almost five times greater than the second highest loss this month.
The two highest loss events in December 2011
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