Op risk on centre stage

Analysis of the credit crunch has put the spotlight on senior management's engagement (or lack thereof) with operational risk issues. Experts discussed the importance of board-level buy-in

Obtaining buy-in for operational risk from the board has never been more crucial - regulatory analysis of credit crunch failings clearly shows the importance of senior-level engagement in risk management issues to a financial institution's health, said a range of experts at the 10th annual OpRisk Europe conference.

"For firms that plan to implement the advanced measurement approach (AMA), we expect to see a greater commitment on the part of senior management to fully support not only the quality

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