
CCAR aids in op risk identification, banking experts say
Banks forced to consider link between risks and macroeconomic factors

Stress testing is forcing banks to drill deeper into the cyclical nature of operational risks and not simply treat them as one-off events, according to banking experts on a panel at OpRisk North America.
The exercise has seen op risk experts working more closely with first-line business managers in order to gain greater insight into the root causes of operational risks.
“Where the payback will be greatest is to close the feedback loop between OR practitioners and the businesses as well as the
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