The ORR Innovation Awards 2011


The past year has been a tough one for everyone in the financial services industry, with new regulations being introduced, from Basel III to the US Dodd-Frank Wall Street Reform and Consumer Protection Act. However, once again operational risk seems to have escaped largely unchanged by the financial crisis.

This could be viewed as a good thing, but on closer inspection it is not. With all of the attention being focused liquidity risk management and higher capital levels becoming mandatory, the

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