OpRisk North America: Beware interconnectedness, DuChene warns

Delegates warned to monitor external as well as internal risks

carolyn-duchene
Carolyn DuChene, at OpRisk North America 2014

Interconnectedness between banks is a major risk driver that must not be ignored, Carolyn DuChene, deputy comptroller at the Office of the Comptroller of the Currency (OCC), told OpRisk North America in New York yesterday.

DuChene warned that banks operate in an increasingly interconnected and interdependent world – with vital and vulnerable links not only with other banks but also with vendors, service providers and customers.

"At the same time that banks are providing their customers with quic

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