Survey Finds More Banks Aware Of Operational Risk


LONDON--The long-awaited survey of operational risk management by the British Bankers Association (BBA), the International Swaps and Derivatives Association (Isda) and Robert Morris Associates, covering 40 of the world's 100 largest banks, was released last week.

The survey concluded that firms are successfully identifying operational risks and adding value by implementing operational risk management systems. Banks that have created operational risk management groups say they have been successful

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