Cruel summer

No time off for op risk managers this summer as the tide of new regulation threatens to come crashing down

Summer used be to such a relaxing time in the OpRisk & Compliance office, with little in the way of breaking news op risk stories or new regulations to report on, but the continuing fallout from last summer’s subprime crisis has ended all that. July and August looks set to be filled with papers and discussions between the banking supervisors and government bodies, as they seek to find a solution to the liquidity crisis and restore confidence to the markets. In September, we are likely see the

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