Running a smooth operation

Technology

Operational risk has come to the forefront of risk management – with energy firms the latest group to be held up as victims of operational failures. Governance of op risk and internal controls originated in banking and financial services, but is gaining momentum in the corporate sector (see box).

Management of op risk – the risk of loss resulting from inadequate or failed internal processes, people or systems or from external events – used to be qualitative at best. But stakeholders are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: