Op risk’s profile rising at banks, say risk managers
The business side is taking greater notice of operational risk and its value beyond preventing losses
A decade since operational risk became widely recognised as a separate type of risk at banks, the money-making function is starting to pay it due attention and becoming more aware of the value operational risk management brings to the business.
Speaking at the OpRisk North America conference in New York on March 24, risk managers broadly agreed that deal-makers at financial companies now have both
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