SOX 'boosted' banks' op risk management


In a survey of 88 of its member banks, the RMA found that SOX increased costs overall, mostly as a result of additional staff hired to comply with the legislation.

The survey, conducted in May, was set up to determine the costs and benefits associated with Sarbanes-Oxley compliance, specifically with Sections 404 and 302.

"Although we did not go into details of the operational risk programme components that were enhanced by compliance with Sarbanes-Oxley, our member banks indicated that

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

Investment banks: the future of risk control

This 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

You need to sign in to use this feature. If you don’t have a 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