Relating specifics to the holistic

The magazine’s second annual survey shows that operational risk has come to the next stage in its evolution. Will the industry be able to grasp the nettle?

The second annual Operational Risk magazine survey, conducted jointly with SAS, a financial software provider, shows that real progress is being made on the implementation of risk measurement and management frameworks at financial institutions. Furthermore, expectations of what op risk managers can achieve are becoming more realistic – last year’s study showed a disparity between the resources op risk managers had at their disposal and the benefits they expected to reap. Last, op risk managers