OpRisk North America: US foreclosure crisis highlights boundary risks

US foreclosure crisis highlights boundary risks

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The US foreclosure crisis has brought home the fact many operational risk events are being missed as they are being classified as other risk types – such as credit risk in the case of foreclosures. These sorts of boundary risks are skewing operational risk data, according to regulators.

In his keynote address on the first day of Operational Risk & Regulation’s OpRisk North America conference Mitsutoshi Adachi, chair of the Basel Committee’s sub-group on operational risk (Sigor), warned the

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