The fundamentals of operational risk assessments
In the third of a series on scaling operational risk management for the small to medium-sized institution, Eric Holmquist discusses the fundamental elements to consider when developing an operational risk assessment where the emphasis is on process improvement rather than capital allocation
Overseeing an operational risk programme never ceases to fascinate me. There are aspects to op risk that are overwhelmingly unique from any other risk discipline. As I have said previously, it has the most moving parts. It involves every single person in the company, without exception. It is constantly in motion, involving an ever-changing set of assumptions and forces. And it is, ironically
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