OpRisk Europe: Implementation is key

Changing the rules

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

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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