Landesbanken's operational risk management tool

This wait-and-see policy may now pay off. A group of Landesbanken has jointly developed an operational risk management tool that they are now pitching to other banks in Germany - and abroad. The web-based software, dubbed Operational Risk Center (ORC), comprises four modules for: creating a loss database, conducting a self-assessment, establishing a risk profile and risk factors.

ORC is cheaper than other off-the-shelf operational risk tools, compatible with all IT systems, and because of its

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