NordLB's Carsten Steinhoff: There's more to op risk management than modelling

Beyond the model

Carsten Steinhoff at NordLB
Carsten Steinhoff, head of operational risk at NordLB

In finance as in other industries, a hundred regulatory papers and codes of conduct seldom carry the same momentum as a single disaster. The collapse of Enron changed US corporate governance forever; the 2008 financial crisis seems set to do the same for international banking. And, at another level, operational risk management was kicked into high gear at Germany’s Norddeutsche Landesbank (NordLB) by the discovery in February 2010 of a large fraud involving its Skandifinanz Bank subsidiary in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: