To boldly go
Throughout its brief history, the operational risk discipline has been labouring under a limiting and perhaps inaccurate definition of what it is and what it should be covering. Op risk needs to broaden its remit across the enterprise if it is going to really add value to the business
We are approaching the third-year anniversary of the financial crisis, which started in August 2007 when the short-term lending markets essentially shut down. We have also passed the 10-year anniversary of much of the groundbreaking efforts that were accomplished in terms of definitional work and the development of tools in the field of operational risk management. The two anniversaries present a
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