GE Capital's Sabath describes '1.2 line of defence' model

Risk review and challenge belongs on the front line, conference hears

john-sabath
John Sabath, GE Capital: focus is now on internal controls

Far more responsibility for reviewing and challenging operational risk management belongs on the front lines, under a risk management model described by a senior op risk executive at GE Capital Energy Financial Services' today (June 10) at the OpRisk Europe conference in London.

John Sabath, vice-president of regulatory and operational risk at GE Capital Energy Financial Services in Stamford, Connecticut, told the conference: "Some of the Federal Reserve banks – in San Francisco, Minneapolis

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