Scaling op risk management for small and medium- size institutions

In the first of a series, Eric Holmquist explores the core objectives and components of an operational risk management programme and offers his thoughts on how small and medium-sized institutions can use the concepts behind many of these advanced techniques used by the world's largest institutions

Have you ever wondered why smaller animals, such as cats, dogs and mice, only have soft fur whereas larger animals such as elephants and hippos have thick tough hide that is very difficult to penetrate? Since thick, strong hide is so protective, why don't all animals have it, including humans? The rather obvious answer is that nature has a very effective way of scaling defensive measures to match