Bread-and-butter op risks at the top table
Op Risk Benchmarking: As G-Sibs are forced to do more, how can they avoid doing more wrong?
This article is the second in our series scrutinising op risk practices at the world’s biggest banks – a new initiative. The other articles in the series will be published here over the coming days.
According to one op risk manager, execution and processing errors are the “bread and butter” of op risk – getting stuff wrong, slipping up, blundering, bungling, boo-booing, or botching something in the ordinary course of business. Why are global systemically important banks so worried about it
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