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Measuring and managing market, credit and Op risk [72]

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Bullet points include: E.g. Operational Risk Insurance Consortium (ORIC) Association of British Insurers (ABI) and SAS have launched initiative to collect and pool data across insurers Parallel sharing has started between banks Each quarter ORIC members receive intelligence on losses due to failed people, processes, systems or external events Including monetary amounts of each loss and descriptive narrative E.g. whether loss might be attributed to incorrect pricing models, contractual breaches, IT downtime, …

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