Regulatory uncertainty is keeping life interesting

March's New York conference and the annual OpRisk awards both reflect an industry coping with huge changes

Operational risk management still has a slightly frontier feel compared with the more established areas of credit and market risk. And this isn't a reference to bar brawls and shootouts at the Operational Risk North America conference in March – as far as I know, none actually took place this year – but to the fact, remarked on by many speakers at the conference, that the basics of the discipline are still up for debate.

Speakers discussed the difficulty of knowing what role they should take in