Santander op risk head aims to "get off bottom rung" after CCAR fail

Bank fell short this year on qualitative op risk governance issues

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Wheels of change: Santander looking to prove itself after poor stress test results

A key objective for Santander looking in to the next year is to "get off the bottom rung" of the US stress test results, Steve Bhatti, chief operational risk officer at Santander US, told delegates at Op Risk Europe yesterday (June 11).

The Spanish bank's US arm was one of two banks that failed the latest round of Comprehensive Capital Analysis and Review (CCAR) stress tests – the other being Deutsche Bank Trust Corporation.

The US Federal Reserve, the European Banking Authority and the Bank of

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