Over the past five years, DBS Bank has established itself as one of the largest and most successful financial services groups in Asia. It has an op risk framework to match, and for this reason wins 2005's award for best overall bank standardised approach or alternative standardised approach op risk framework.
Chng Sok Hui, DBS head of group risk, says: "We recognise the need to adopt a holistic approach in managing our op risks arising from the rapid transformation DBS is going through. The
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