Managing operational risk at commodity trading firms
Proactive management of operational risk is critical to ensuring an organisation responds effectively to ever-changing market conditions and regulatory environments. Julie Shochat and Kenzel Fallen outline how to align strategy, processes and technologies to effectively mitigate operational risks and meet future regulatory demands
Commodity trading organisations have faced numerous types of risk throughout the evolution of the industry. In today’s market, anticipating and responding to various operational risks has become particularly challenging and increasingly critical.
Several recent examples highlight the importance of effectively managing operational risk:
- In September 2011, UBS suffered a rogue trading incident
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