Microbank Survey Finds Operations Risk


LONDON--The importance of straight-through-processing (STP) in controlling banks' operational risk has overtaken its appeal as a cost-cutting tool, according to a survey of 500 global banks. Released last month and conducted by software firm Microbank, the survey indicated high levels of understanding of operational risk among respondents.

According to Jeremy Bentley, managing director of Microbank, "The levels of understanding of the STP concept among bank operations directors globally certa

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