Operational Risk & Regulation - Volume 10/Issue 11

All in his stride

Hamish Lock had to hit the ground running when he became head of op risk at Bank of Montreal just over a year ago. But taking on a new risk role amid a global financial crisis hasn't fazed him, and he is already well on the way towards achieving his new…

Land of giants

Canada's banking community comprises a small group of very large banks. Working together, and with their sole, principles-focused regulators, this tightly-knit, risk averse group has avoided the worst of the financial crisis and taken internal op risk…

The weight of blame

The public's perception of banks has hit rock bottom, and politicians have pounced on the opportunity provided by the crisis to increase their own popularity. So banks face not only loss of business but also increased regulation.

Make it personal

Operational risk managers need to do more than merely collating and analysing loss data, they need to add value by working towards the firm's business objectives. This can be achieved using stress testing and scenario analysis, which add a human element…

Consultancy rankings: Preparing the next war

Still reeling after the crisis, financial firms have been cautious in their uptake of consultancy services. This year's OR&C consultancy rankings show those at the top got there by adjusting their strategy to help firms prepare for whatever might be…

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