Operational Risk Methodologies Are Still Immature, Says Meridien Report
MANAGEMENT & OPERATIONS
MASSACHUSETTS--Current methodologies for tackling operational risk management are still immature, according to a new report from Needham, Massachusetts-based Meridien Research. Nevertheless, the report predicts that spending on operational risk technology will total $9 million this year, with a growth rate of just under 20 per cent over the next five years.
Most financial institutions are in the early stages of developing and implementing operational risk management processes, says the Meridien
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