OpRisk Europe: FSA condemns operational risk weaknesses

Speaking at the OpRisk Europe conference in London, Frances Allen, team leader in the FSA's prudential risk division, said attention to operational risk had been "sparse" and firms need to up their game to ensure they hold enough capital against operational risk events. "Operational risk inadequacies contributed to the size of some of the losses that occurred... risk managers should be playing a stronger and more independent role in the future," she said.

"Starting with [rogue trader Jérôme

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

If you already have an account, please sign in here.


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

This address will be used to create your account

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