Regulators drive op risk innovation, says Meridien


MASSACHUSETTS -- Banks will need to step up their efforts to comply with the operational risk components of the revisions to the Basel Accords, says a new report from Meridien Research, a consultancy based in Massachusetts.

The report’s author, Deborah Williams, says, "It is clear that the point of pain for nearly every financial institution is simply achieving compliance with regulatory requirements. Motivations to adopt operational risk solutions clearly stem not from the severity of

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