Power play: how geopolitics is shaping op risk at G-Sibs

Op Risk Benchmarking: Geopolitics is a top five fear for G-Sibs, but most banks lack specialist risk staff and classical tools

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Geopolitical risk Top 10 rank: 8 G-Sib rank: 4 Number of benchmarking respondents: 6

This article is the fifth in our series scrutinising op risk practices at the world’s biggest banks – a new initiative. The other articles in the series are available here.

Among risk managers, the debate about geopolitical risk goes a little like this:

Risk manager 1: Geopolitical risk is not a distinct risk. Yes, it is closely bound to market, credit and operational exposures, but we already have ways

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