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
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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