OpRisk North America: risk appetite, supermodels and reform

Northern exposure

Thomas Campanile at Ernst & Young

Rising operational risk losses, setting op risk appetite and bridging the gaps between quant modelling and risk management were just a few of the themes discussed by op risk managers, regulators, consultants and academics at the OpRisk North America conference, hosted by Operational Risk & Regulation magazine, in New York in late March.   Mitsutoshi Adachi, chair of the Basel Committee on Banking Supervision’s standards implementation subgroup on operational risk, gave the keyn