Profile: People’s Bank implements Basel II
Cover story
According to Ken Weinstein, senior vice-president for operational risk management at the bank, the document “raised our organisational consciousness about operational risk management and gave us a great head start by laying out a structure and best practices that we could learn from in designing our approach. It probably saved a year or more of experimentation and debate in getting our process up and running, and is a terrific resource for any institution looking to improve its own operational
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