Banks feel regulatory heat on op resilience
Op Risk Benchmarking: supervisors dial up reporting expectations and on-site inspections as Dora and UK regime deadlines approach
Banks are reporting growing scrutiny of their operational resilience frameworks as a number of regulatory deadlines loom.
In the latest round of Risk.net’s Operational Risk Benchmarking survey, five large banks said their primary regulator’s focus on operational resilience had increased “significantly” during the preceding 12 months.
Most commonly, say banks, this scrutiny has taken the form of enhanced reporting requirements, with two citing this as a supervisory tool of choice. The head of op
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