Q&A: OCC’s Dugan warns op risk managers over new products, third parties

Banks must exercise caution as they adapt to the changing demands of the industry, says Beth Dugan, the head of operational risk at the US Office of the Comptroller of the Currency

Beth Dugan OCC
Dugan: focus on change management

Facing rising competition from start-ups, technological change and regulatory pressure, US banks are in danger of blundering into new areas of risk in their efforts to keep up. The deputy comptroller for operational risk at US regulator the Office of the Comptroller of the Currency (OCC), Beth Dugan, sees dealing with change as the key operational risk for the industry.

The OCC is seeing rising levels of operational risk as banks introduce new products and diversify into new business lines

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here