Op risk disclosure: a long road ahead


Although most banks now have a separate section on operational risk in their annual reports, disclosure levels vary considerably. Here, Operational Risk’s editorial staff review 15 bank annual reports to uncover reporting and management practices in 2002

Disclosure of how an organisation measures and manages its operational risk certainly has a long way to go. Most annual reports devote pages and pages to credit risk, and often a near-equal amount of space to market risk. But operational risk

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