Sound corporate governance at the heart of op risk – French regulator

Thomas Friang sets out vulnerabilities of financial institutions at OpRisk Europe

Thomas Friang
Thomas Friang, ACPR

The French banking regulator and its European counterparts will be putting pressure on boards of directors to set the operational risk profile of their own institutions, Thomas Friang, operational risk policy expert at the French Prudential Supervisory Authority (ACPR), told the OpRisk Europe conference in London today (June 10).

"In the Basel framework strategic risk is separate from op risk, but when you merge with another company, or when you acquire a new institution, it's definitely

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