Banks behind in op risk systems implementation

- Ellen Leander
- 04 Sep 2003

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The global survey, which was conducted during the first quarter of this year and included more than 50 institutions of a variety of sizes, shows that banks are making some progress in installing operational risk tools. However, 7% of banks, or less, are using their operational risk frameworks - as implemented to date - to enhance external reporting, set limits and monitor transactions, set reserves and provisions, set staff performance goals or compensation, or structure and price transactions.

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