Control weaknesses continue to plague banks
The primary concerns for operational risk managers in 2014 include data theft, index rigging and reputational risk, but many have one thing in common – weak internal controls
Banks have had to face a barrage of negative headlines over the past year - from Libor rigging fines and allegations of attempts to manipulate other benchmark rates, to IT failures, theft of customer data and fraud.
Many of these issues will continue to worry risk managers in 2014 - and are included in Operational Risk & Regulation's annual review of the most pressing operational risks in the year
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