Editorial: Operational risk in the regulatory spotlight

Attracting attention

Alexander Campbell

More than one speaker at the OpRisk North America conference in New York in March echoed the views of the US comptroller of the currency, Thomas Curry, that operational risk is now the most important determinant of a bank’s robustness and stability.

Operational risk is under the spotlight now – not always a comfortable place to be. As well as regulatory reform, operational risk managers face a harsher enforcement environment. The Financial Action Task Force has outlined plans to focus anti-money

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