Road to transition
For a moment it looked as if the post-crisis drive for reform was losing momentum. But the Basel Committee on Banking Supervision has established working groups to keep the industry focused, and to propose ways to keep moving forward
The operational risk world is at a crossroads. One path leads to banks’ full engagement with op risk management; another leads to obscurity, with op risk management consigned to the compliance bucket. A third path strikes an unhappy balance between the two, neither achieving full engagement nor divorcing the discipline wholly from the perception it is just a compliance issue. The message that the
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