The organisational turf war

Internal Strategy Turf War

The emergence of operational risk as a core component of global banking regulation is forcing banks to rethink the structure of their audit, compliance and risk functions. As regulators hone the definition of operational risk, the duplication of responsibilities among these disciplines is creating something of a turf war within banks.

"The effort to create an operational risk discipline has lead to a collision between the disciplines of auditing and finance, the one a humble and pragmatic craft

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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

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