Commentary -- Ten Good Reasons Not to be an Op Risk Manager
PRACTITIONER ANALYSIS
There was laughter at the Op Risk 2000 conference in New York last February when industry guru Michael Ong asked op risk managers why ever they’d agreed to take the job. Here he explains why he wasn’t joking…
Lately, there has been a lot of talk about how an operational risk management function increases shareholder value.
Indeed, one of the key conclusions of the November 1999 BBA/ISDA/RMA study, entitled Operational Risk Management -- The New Frontier, was that "financial institutions are
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