Risk Europe: Operational risk key to enterprise risk management

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Operational risk techniques should be used more prominently within the models used for managing other risk types, according to Philippe Carrel, executive vice-president, risk and trade management at Thomson Reuters.

Operational risk's role should come to the fore within a broader enterprise-wide risk management framework (ERM), he said, rather than current tendencies for risk management to consult the op risk function as a secondary consideration or an afterthought.

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