Op risk analysis underrates human behaviour – Fed examiner

Risk managers urged to focus on group dynamics

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Employees' behaviour individually and as a group has a crucial influence on successes or failures at companies and yet the human factor is underestimated in operational risk analysis, a regulator said, speaking in personal capacity.

Richard Cech, senior bank examiner in operational risk governance at the Federal Reserve Bank of New York, called for "a vision of governance in the broadest sense possible" at the OpRisk North America conference this week. The implied emphasis on culture chimed with

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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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