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New KRI project kicked off by ABA Risk managers on the move ahead of AMA roll-outs

North Carolina and Virginia -- Poaching of operational risk managers is beginning to pick up pace as large financial institutions in the US gear up for implementation of the advanced measurement approach (AMA) by December 2006.

Stone moves to Wachovia

David Stone, formerly senior vice-president for risk management at Zions Bank in Utah, has moved to Wachovia, where he is heading the deployment of the firm’s op risk framework within a business line. At Zions, Stone deployed an enterprise-wide solution designed to help the bank comply with Basel II’s advanced measurement approach guidelines for operational risk, Sarbanes

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