Is there safety in numbers for op risk? One regtech thinks so
Acin’s library of op risks allows banks to compare their controls with their peers’
Given its sheer breadth, operational risk manages to be at once the biggest, flashiest, most out-of-control of hazards, yet also the one that is the most sub rosa, anecdotal and impervious to metrics.
A young regulatory tech firm claims to have an answer. Acin, just two years old, has been compiling a reference library of op risks and controls among the 12 banks it now serves. The idea is to standardise risks and controls across not only a particular bank, but across the industry, to give
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