
Small is beautiful in operational risk management
Small firms have many advantages in administering op risk programmes, argues Ariane Chapelle

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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