Who’s ready for op risk?

New angles

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Most op risk executives that responded to a survey conducted in the past few months by North Carolina-based software company SAS in association with Risk and Risk’s sister publication, Operational Risk, said they have not started to put in place op risk management essentials, despite the fact that almost half intend to implement Basel II’s advanced measurement approach to operational risk.

Nearly a third of the 442 respondents have yet to begi n to put in place internal loss

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