Institute of Op Risk up and running
LONDON – The Institute of Operational Risk, long in the planning stages, is now gathering momentum, according to Philip Martin, director of the organisation.
The Institute was founded in February 2005 as an offshoot of the Operational Risk Research Forum. ORRF, which is now a for-profit organisation, was founded by Brendon Young, who is an independent consultant but was formerly focused on operational risk at rating agency Moody's. The original intention of the Institute, which has official UK 'institute' status, was to provide education and accreditation services to the operational risk industry, which would include the creation of a qualification
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