Winning hearts
Unless operational risk management (ORM) reinvents itself, it is doomed to fade into the background. Now is the time for ORM to make a bold move that goes right to the heart of risk management. Marc Leipoldt outlines what to revisit, what to discard and what to adopt to make this happen
The commemorative January issue of OpRisk & Compliance listed an impressive array of professionals who have shaped the operational risk management (ORM) discipline. Their views on the state of ORM are varied. Coming from regulators, banks' risk management departments, insurance agencies, academia and assorted consultants, this is to be expected. One overriding element in their comments, however
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