Types of operational risk loss by event, August 2009 to August 2011
The top five op risk loss events in August from SAS Software and an analysis of US banks' losses from the ABA Operational Loss Data Sharing Consortium
Download the data pages from this month's Operational Risk & Regulation
August’s top five losses were incredibly diverse and affected financial services companies ranging from insurance, to retail brokerage, to payment and settlement. The losses continued the downward trend of the previous two months, with the total loss amount reaching its lowest point since March.
For the first time in 2011, a loss from the ‘Execution, delivery and process management’ category made the top five. JP Morgan
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