Each month, the FIRST newsletter examines operational risk issues and provides excerpts from relevant cases taken from the FIRST database of operational risk events. The newsletter is designed to raise awareness of topical issues that can impact day-to-day business operations.

The January 2012 FIRST newsletter covers the Year in Reviewfor 2011, summarizing the Top Ten operational risk events in financial services and insurance, as well as bank closings in the US and non-financial operational risk losses.

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