More For MORE

NEW YORK--Eleven major banks have confirmed an interest in joining the Multinational Operational Risk Exchange (MORE), an initiative aimed at helping banks gather data on operational losses.

NetRisk, the Connecticut-based risk consultancy and software house that is working to set up MORE says that TD Bank Financial Group, the Royal Bank of Canada and CIBC have signed a "letter of commitment" to participate in the project.

Over the last month eight further banks -- two North American and six