The Winners

Operational Risk Achievement Awards

OPERATIONAL RISK FRAMEWORK AT A LARGE FINANCIAL INSTITUTION

Winner: JP Morgan Chase
Highly commended: Dresdner Bank and HBOS

JP Morgan Chase won the Operational Risk Framework at a large financial institution award because, over the course of 2003, the firm has put in place a vision to take operational risk measurement and management to the next level of sophistication. While many firms are making strong progress towards instituting loss databases, self-assessment programmes, or other tools