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IOR publishes sound-practice standards

The Institute of Operational Risk (IOR) is set to publish the first of a series of standards for operational risk management. The first two guidance papers, due out as OR&C goes to press, will cover risk appetite and the use of risk and control self-assessments (RCSAs). A modular approach will see up to 16 standards papers issued, with eight planned for 2010 release.

The first two papers were set

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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