Consultancy of the year: Ernst & Young

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Regulatory pressure and the challenges of big data have led to increasing use of operational risk consultants, even in the face of tight budgets. Ernst & Young has been one beneficiary of this trend. Dan McKinney, the consultancy's co-leader of operational risk for the Americas, says: "Across the financial services industry there has been considerable regulatory pressure and scrutiny. Operational risk spending has definitely increased – it's a question whether overall spending is flat and that's

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