The holistic approach to operational risk management

However, no matter what the definition, operational risk touches every aspect of an organisation’s business from front to back.

Then there are the drivers for ORM in the industry today. Some organisations will implement ORM as a result of complying with the recent Basel II Accord and some will implement an ORM process just because it makes good business sense. That said, regulatory guidelines should not be the ultimate driver in defining an organisation’s operational risk approach. Rather

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