Award Winner: KeyCorp

OPERATIONAL RISK ACHIEVEMENT AWARDS

The US regulators' decision to require the adoption of Basel II by only a handful of its largest banks looks set to create a risk management gap between the best and the rest. There has already been heated speculation about the identity of the institutions that will opt in to Basel II, and try to make the leap along with their larger competitors.

Cleveland's KeyCorp has not been coy about its intentions. The $88 billion-asset institution, based in Cleveland, Ohio, has long had an involvement