Wyman head challenges need for op risk capital charges
PHILADELPHIA, PENNSYLVANIA -- Operational risk management is more about improving management practices than better measurement, risk consultants Oliver Wyman & Co chairman John Drzik told the fifth annual risk roundtable in April.
"While there has been a lot of progress in efforts to quantify operational risk, it is being over-emphasised as a solution," he told the roundtable, which was sponsored by the Wharton Financial Institutions Center and the Oliver Wyman Institute and held at the Wharton
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