ORR Innovation Awards 2011: Central Bank of the Year
Bank of Canada
Bank of Canada has truly embedded an operational risk awareness culture within its organisation. The central bank has a small central operational risk function because most risk management work is done within each business line. Bank of Canada’s Risk Management Working Group consists of risk representatives from each of these lines, including monetary policy, financial systems, currency, funds management and banking, and the support functions such as information technology, human resources
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