Welcome to the 'new look' OpRisk & Compliance magazine. As many of our long-time readers will know, OpRisk & Compliance has come a long way over the past few years – we are working hard to keep up with the rapid evolution of the disciplines of operational risk and compliance, which themselves are moving very quickly.
In fact, I was at our OpRisk Europe event in late March, and when I was listening to the presentations, it struck me just how far things have moved along. Discussions revolved around how risk and compliance executives can add value to their businesses, what measurement techniques provide the most information, and how regulators and the industry are working together to help both disciplines evolve.
Our cover profile this month also reflects this attitude – Joseph Sabatini has been described by many as the 'godfather' of operational risk management, and with good reason. He's been there since the beginning, but he is also one of the loudest voices calling for a change in the way firms implement op risk management. Sabatini is driven by a desire to add value to the way business lines operate, and to instil a risk management culture in the firm.
So it's with some of the bigger issues confronting operational risk and compliance in mind that we've once again tinkered with the format of the magazine. We will shortly be modifying the magazine's website to provide regular online news coverage. This change has grown out of the response to a readership survey we conducted last summer, in which you all said that while you like a paper product, you like getting news online because it is quicker and 'fresher'.
Putting the news online has enabled us to change the print magazine to focus on more in-depth features, including discussions of best practices, profiles of leading lights in the industry, and more technical and practical articles written by industry executives.
I'm keen to find out what you think of the new design, and the new website when it is launched. Feel free to email me at [email protected] with your thoughts and suggestions. I'd love to hear from you.
More on Operational Risk
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Companies must prepare for inevitable intrusion, says RBS infosec head
Weaknesses highlighted after payment system failure
Regulators in other sectors more likely to stay in public service
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