Bank of the year: Nordea

Business continuity overhaul lets Nordea stand out


After the devastation caused by superstorm Sandy in October 2012, it is unsurprising that business continuity was a priority for the financial sector in 2013. In August, the US Securities and Exchange Commission released a risk alert accusing US investment advisers of opting out of critical business continuity tests in preparation for the storm. Earlier in the year Carolyn DuChene, deputy comptroller for operational risk at the Office of the Comptroller of the Currency, expressed concerns to OpR