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ORX loss database operational by the end of the year

FRANKFURT, GERMANY - The Operational Riskdata eXchange Association (ORX), a not-for-profit venture to pool op risk loss data resources, expects its operational risk database to be operating by the end of 2002, Fred Peemoeller, chief risk officer, operational risk for exchange member Deutsche Bank said in August.

The consortium’s 12 member banks initially expected the database to be operational in the second quarter of this year. It was delayed because selecting an administrative and analytic company to run the database, provide the software it requires and provide exchange members with statistical analysis of data, took longer than expected. Peemoeller said the consortium had a shortlist of candidate

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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