OpRisk Europe: Implementation is key

Panel at OpRisk Europe 2011 in London — Rudi Bonte (National Bank of Belgium), Frank Corleis (BaFin) and Bernd Rummel (EBA) at OpRisk Europe

Mark Sands
Jessica Meek
23 Jun 2011

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In June, Operational Risk & Regulation hosted its second conference of the year in London. Regulatory change was a focus of attention again this year, with the emphasis on how new high-level laws and directives would be translated into procedures – and the risks and pitfalls in this process.

Bernd Rummel, the principal policy expert at the European Banking Authority (EBA), described the EBA’s struggles in achieving Europe-wide rules.

The EBA is pushing to smooth out cross-border differences in

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