Types of operational risk loss by event, December 2008 to December 2010
Most of the top five losses in December 2010 fell under the ‘Clients, products and business practices’ heading
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For the third month in a row, the majority of the top five losses are under the ‘Clients, products and business practices’ heading. A notable exception is Scottish Equitable’s $98.54 million loss due to administrative errors. For the first time since June 2010, a loss in the ‘Transaction capture, execution and maintenance’ category made the
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