Sound corporate governance at the heart of op risk – French regulator
European regulators are paying extra attention to the board's engagement with their institution's operational risk profile, says French regulator's op risk policy expert
The French banking regulator and its European counterparts will be putting pressure on boards of directors to set the operational risk profile of their own institutions, Thomas Friang, operational risk policy expert at the French Prudential Supervisory Authority (ACPR), told the OpRisk Europe conference in London today (June 10).
"In the Basel framework strategic risk is separate from op risk, but
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