Op risk function plays large part in new business approval, says survey
Operational risk managers are heavily involved in new business and change management, but play a less conspicuous role in the front office, according to an Operational Risk & Regulation survey
An inaugural survey of operational risk management at 15 major financial institutions, carried out by Operational Risk & Regulation, has found banks making progress in the way their senior managers use operational risk information. There is still work to do, though – especially in the front office, respondents say.
The survey reveals operational risk managers are very involved in new business and
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