A broader scope

ellen-davis-compressed

I would first like to thank the magazine's entire community of readers for their support, feedback and contributions over the past three years – it's been an exciting time of development and evolution in the operational risk industry.

Over time, the scope of what is understood to be 'operational risk' has expanded dramatically, which brings me to the reasons behind the new name. When we changed our format in May 2004 to become a magazine, it was because our readers indicated that they wanted enhanced content on four important topics – business continuity, corporate governance, financial crime and enterprise-wide risk management.

Now, our readers have spoken once again – I've met with dozens over the past six months, and all said the same thing. They are spending more and more time working with their compliance executives on these issues, as an inherent part of op risk management.

And compliance executives I spoke with said they wanted to know more about 'risk-based' approaches to regulation and implementation of compliance projects.

In short, the two disciplines seem to be coming together. So, we've changed the name of the magazine to reflect the direction the industry itself is headed in.

Some changes to the content are happening in this issue, and others will be implemented during the year. In this issue, we are introducing a two-page news section that will provide summaries of loss events around the globe over the previous month. The brief stories will help risk and compliance executives stay abreast of new and evolving loss trends.

We are also introducing two news sections – 'Legal beat' and 'Compliance tools'. The first focuses on court cases, news from law firms and legal departments, and other related articles. The second explores technology to help firms meet their compliance obligations.

We have also be expanded 'What's coming and when' to two pages, to provide global coverage of the deadlines associated with various compliance initiatives.

Finally, we'll be introducing a monthly survey, the results of which will run over a special double-page spread in each issue. Topics range from op risk technology, to Sarbanes-Oxley, to business continuity.

Over the coming year, we hope to continue to evolve the magazine to meet the needs of our rapidly expanding readership base. We will be growing the number of pages of content, and are adding staff globally to report and write the information our readers need to do their jobs.

If you have comments, ideas, or feedback on how the magazine might grown and evolve further, drop me a line at ellen.davis@incisivemedia.com.

Have a great month! OR&C

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

Op risk outlook 2022: the legal perspective

Christoph Kurth, partner of the global financial institutions leadership team at Baker McKenzie, discusses the key themes emerging from Risk.net’s Top 10 op risks 2022 survey and how financial firms can better manage and mitigate the impact of…

Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

Moving targets: the new rules of conduct risk

How are capital markets firms adapting their approaches to monitoring and managing conduct risk following the Covid‑19 pandemic? In a Risk.net webinar in association with NICE Actimize, the panel discusses changing regulatory requirements, the essentials…

Building resilience into ESG risk management

Risk and resilience continue to play an important role in the navigation of an increasingly uncertain world. Fusion Risk Management explores why it is equally crucial for technology to support organisations in addressing pertinent environmental, social…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: