NY Fed's new cyber taskforce dismissed as “distraction”

RBS risk veteran says banking activities pose greater threat

Craig Spielmann, former head of operational risk, RBS Americas

The Federal Reserve Bank of New York has formed a taskforce dedicated to combating cyber threats to financial entities, citing it as the risk most likely to cause the next financial crisis, a senior supervisor from the regulator announced on March 24 – only to see cyber threats immediately dismissed as “a distraction” by a respected operational risk veteran.

Giving the keynote address at the OpRisk North America conference in New York, Sarah J. Dahlgren, head of the Financial Institution

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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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