Lateral thinking
Op risk practitioners need to approach risk appetite in a different way than their credit and market risk counterparts. John Cyriac explains the 'why', 'what' and 'how' of op risk appetite and highlights the importance of process mapping and integration
Operational risk management in the banking industry has become an established risk profession in the past decade. However, standard risk concepts when applied to operational risk often cause confusion. One such concept is risk appetite. The concept of risk appetite is attracting growing attention among risk professionals, especially in the current market situation. However, there seems to be a
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