Op risk takes forward steps at OpRisk Europe 2014

New dangers and new maturity mark a milestone year for op risk

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 d

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