OpRisk Asia: Rogue traders exploiting ‘weaknesses’ in op risk controls
Operational risk managers need to be more proactive in confronting the trading floor, conference hears
Rogue trading stems from failures of culture, supervision and controls, delegates at the OpRisk Asia conference heard during a panel discussion today. But its occurrence was also linked to a weakness in operational risk management, with risk departments unwilling or unable to stand up to business lines, speakers said.
Andrew Cherriman, the chief operating officer for Standard Chartered's wholesale
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