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What the financial crisis means for op risk

The finanical crisis is the ultimate stress test for operational risk

The recent financial crisis has everybody scratching their heads trying to decide what this will all mean for operational risk management. In a sense nothing that has happened over the past few months is new – it is just another case of “corporate Alzheimer’s”, to quote one speaker at a recent conference on op risk. After Barings, there is no way the Société Générale rogue trader event should have

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