DrKW and Raft establish new op risk management standard

The browser-based offering, which runs on DrKW's corporate intranet, is a rules-based workflow-orientated application which maps the bank's corporate structure, geographic spread, business processes, product structure and control environment into a fully automated loss measurement and management solution.

"We started in early 2000 to look at automating loss data collation and operational risk reporting for the bank," said Jonathan Howitt, director of operational risk at DrKW in London. "Once we

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