Chartis - Operational risk overtakes credit risk as the most important risk in financial services

Operational risk is the change in value caused by losses, incurred by inadequate or failed processes, people or systems, or from external events. On the heels of the LIBOR manipulation scandal, various product mis-selling cases, model failures, various financial crime loss events and mis-conduct cases, it has overtaken credit risk as the most important risk type: it remains a major element of almost every major financial crisis, and the firms which are able to withstand the dangers of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a RiskTech Forum account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: