The ORR Innovation Awards 2012

ORR recognises those in the operational risk management profession who are working to keep the industry moving forward, despite tough conditions

The global financial crisis is entering its sixth year. Since early 2007, when a wave of US mortgage lender bankruptcies heralded the end of the subprime market, the crisis has grown and changed. US mortgage lenders have been joined by major investment banks, Middle Eastern holding companies and now European governments as the focus of events. Financial problems have given way to economic slowdown, volatile commodity prices, deep and lasting recession, political tension, unrest and revolution