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OpRisk North America: Disconnect between op risk and compliance functions damaging business efficiency

Business units in banks are being asked the same question too many times, op risk heads warn

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Operational risk and compliance departments need to work more effectively together to stop business units within their organisations "taking their eye off the ball", delegates at OpRisk North America in New York were told this week.

Panellists discussing the year ahead for operational risk said the operational risk department could play a leading role in integrating the risk control functions

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