OpRisk Europe: Reporting key to competent risk management

wall street bank
Firms are struggling to find the best balance between reporting and analysis

Reporting is the key to competent risk management, yet is often the area that is given the least amount of attention, a regulator warned the OpRisk Europe conference this week. Eric Caban, an examining officer in the operational risk governance team at the Federal Reserve Bank of New York, highlighted the issue during his presentation on the developing regulatory landscape in the US on June 8.

"Many firms are still struggling to find the right balance between analysis and reporting for each leve