OpRisk North America: Question business models, conference told

Banks must involve op risk in strategy decisions, says RBS' Spielmann

Craig Spielmann of RBS (r), with Alexander Campbell, editor of OpRisk magazine

Operational risk departments should be questioning business models within their firms, delegates at the OpRisk North America in New York heard last week. Craig Spielmann, global head of operational risk systems and analytics at RBS, told delegates that if operational risk units are to prevent the next crisis, they must be at the table when strategic business decisions are being discussed. "What operational risk hasn't done is challenge the business models. Think about the crisis – the b