Banks collaborate on non-financial risk taxonomy

Operational risk practitioners from large banks working together on industry best practice

Files
All in order: an op risk working group is developing a common classification for non-financial risks

Operational risk practitioners from eight large global banks are trying to come up with an industry standard taxonomy of non-financial risks in an effort to improve their op risk programmes, Risk.net has learned.

A sound risk taxonomy – and a list of controls that go alongside it – is seen as a vital ingredient in effective op risk management. The area has become the latest focus for a group of op risk practitioners from banks including Barclays, Deutsche Bank, JP Morgan and HSBC, which deals wi

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: