Asset managers feel the op risk pressure

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Supervisors are homing in on sectors such as asset management and alternative asset fund management, which are thought to have avoided intrusive oversight until now. Correcting perceived failings in corporate governance is now at the top of reformers’ priorities, with substantial overlap with the way operational risk is managed. After all: “If you’d had good governance, you would almost certainly have had less operational risk,” pointed out one regulator at June’