Op risk takes centre stage

All eyes were on the stage as the second annual Operational Risk Achievement Awards were announced, at a dinner and ceremony held in London on March 16, hosted by Operational Risk magazine. The awards programme this year was sponsored by professional services firm Ernst & Young. Awards were handed out to eight firms, one regulator and to the author of an academic paper, in recognition of "quality, distinctions and advances" in the discipline of operational risk. By Ellen Davis

The evening was hosted by Gyles Brandreth, the writer, broadcaster and former member of Parliament for the Tory Party. Brandreth regaled the audience with tales of his time as a former Lord Commissioner of the Treasury, when he co-signed the single largest cheque in Britsh history, with the Queen as his co-signatory.

The evening represented the culmination of 12 months of hard work for the award applicants. Participants sent in their applications by mid-January, and they were judged by a panel

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