Banks collaborate on non-financial risk taxonomy
Operational risk practitioners from large banks working together on industry best practice
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
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