OpRisk Europe: Incorporating legal risk "not a done deal" at Deutsche

Banks adopt contrasting approaches to legal risk

Incorporating legal risk as an operational risk is "not a done deal" at Deutsche Bank but is now a part of the bank's legal mission statement. Rob Nagra, director, UK regional head of ORBCM at Deutsche Bank talked today at OpRisk Europe about the journey the bank has taken in order to have legal risk recognised as an operational risk. "By collaborating with the legal department over a number of years we have made inroads into cultural change," says Nagra. "Within Deutsche, OR are trying to bring

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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