Bankers hope EBA op risk taxonomy will go global
Proposed update to 20-year-old risk map is welcomed, but international co-ordination urged
In 2004, bankers were still hooked on their Blackberries, Google Maps hadn’t yet been launched, and generative artificial intelligence was the stuff of science fiction. The world looks quite different 20 years later, but some things haven’t moved on. One of those is the guidance on operational risk event types published by the Basel Committee on Banking Supervision that year – but change is now in the air.
The European Banking Authority published a consultation paper in June 2024 on draft
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