A tough balancing act

Kevin Bailey wants "to get banks to understand their risks and to better manage their exposure". Listening to him talk about Basel II policy, one would be forgiven for thinking that this is his new mantra. But it is the message that he is striving to get across to banks: the need to maintain and manage an effective operational risk framework.

Bailey has a wealth of knowledge and experience with Basel II and operational risk, both domestically and internationally. He wears two hats: the first is

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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

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