Standard
Industry Loss Event Categories
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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](https://orx.org/hs-fs/hubfs/Website/Images/Staff%20profile%20images/John%20Bosnell.jpeg?width=92&height=92&name=John%20Bosnell.jpeg)
John Bosnell
ORX Standards Senior Manager, ORX