Op risk needs greater R&D effort, say US regulators

Eric Caban at the New York Fed

The long-term future of operational risk management will depend on banks stepping up investment into research and development (R&D), say two senior regulators within the US Federal Reserve.

This boom must come in two forms, argue Evan Sekeris, assistant vice-president at the Richmond Fed, and Eric Caban, leader of the operational risk governance team at the Fed in New York. There must be growth both in terms of depth of study, and the number of people involved, to build up the number of skilled

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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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