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    Standard - June 2023

    An industry loss event (ILE) is an operational risk event resulting from a common cause or set of events and is experienced by many firms. ILEs only apply to large loss events. 

    Examples include the mis-selling of Payment Protection Insurance (UK), the mis-selling of Mortgage Back Securities (USA), LIBOR Manipulation (International), and FX Manipulation (International).

     

     

     

     

     

     

     

     

     

     

     

     

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    Contacts:
    John Bosnell

    John Bosnell

    ORX Standards Senior Manager, ORX

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