Fitch ramps up op risk ratings and tech divisions

Implementation Outlook

Same old story?

In the report, The oldest tale but the newest story: Operational risk, Fitch says it is initiating a review of op risk at the financial firms it rates. "While Fitch has always implicitly assessed operational risk when assigning ratings, the agency is adopting a more formalised approach to its analysis and criteria," says the report. The report itself broadly outlines the agency’s expectations for op risk frameworks at banks.

In addition, "the agency is launching its efforts with