Small is beautiful in operational risk management

Small firms have many advantages in administering op risk programmes, argues Ariane Chapelle

Being small is not necessarily a disadvantage
Fast and agile: smaller firms can adopt ORM more easily than larger ones

Ariane Chapelle is honorary reader in operational risk at University College London and the director of Chapelle Consulting, a UK-based risk management advisory firm

Small to medium-sized firms are not always clear on how to adjust the rules and regulations of operational risk management to suit their size and business model. But I would argue that, in matters of risk management, small is beautiful.

Smaller firms enjoy larger benefits from risk monitoring and mitigation due to lower co

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