Execution & process errors: banks try to get beyond blunderdome

Mistakes mean more data for reporting, models and scenarios. But do banks learn from them?

Jump to: Reporting | Modelling | Scenario analysis | Mini-methodology


Banks fear run-of-the-mill errors for the same reason everybody does: they're impossible to eliminate. What is possible, heads of operational risk hope, is doing a better job of catching them before they morph into billion-dollar losses.

Execution & process errors

Regional and domestic banks rank: 4

Top 10 rank: 6

Number of benchmarking respondents: 10

There are plenty of examples beside Citi's infamous lockdown episode, a

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