Oprisk management can prevent financial crises in emerging markets, says EMG

Integrated management of operational risks can help prevent financial crises in emerging markets, according to the Emerging Markets Group (EMG), an international development consulting firm that promotes risk-based supervision of financial institutions in transitional economies.

Joseph Dougherty, the senior manager for financial sector development at EMG, says operational risk, which is generally overlooked in most of the developing countries, is as important as credit risk.

"One of the

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