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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