Operational Risk Management Into 2000
2000 looks to be the year that banks and their watchdogs finally begin to take operational risk seriously as a distinct area of risk management.
It’s not that anyone thinks the area unimportant now.
It’s just that it has not seemed useful to give it the same trappings as the two other principal areas of risk management in banks, market and credit risk.
Trappings such as a specific allocation of bank capital, dedicated senior managers, specialist operational risk officers, monitoring systems and
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