Op risk takes forward steps at OpRisk Europe 2014
This year's OpRisk Europe conference demonstrated increased credibility, maturity and converging practices for operational risk modelling and management, writes one participant, academic Ariane Chapelle
The OpRisk Europe conference finished on June 12 on a high note for the sector. For the first time, participants heard that operational risk is, at last, a topic in the boardroom, that group heads of operational risk have a say at the top level. The long-awaited credibility of operational risk in the financial industry results in part from a conjunction of negative factors: dramatic crises and losses, gigantic regulatory fines and mounting external threats. But its credibility is arguably also
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