OpRisk Asia: regulatory change bigger than it looks for operational risk

Operational risk is almost the only area of risk management left untouched by Basel III, but op risk managers shouldn't be complacent, speakers at the OpRisk Asia conference in Singapore warned today.

"We still need to think about it," said Lindesay Brine, head of controls and reporting in National Australia Bank's wholesale banking division. "There is a new focus on stability of funding, stability of depositors, as well as debtors – you need to ask if your depositors are stable, and that means