Chartis: Operational Risk Management Systems for Financial Services 2015 - MetricStream Vendor Highlights

Insufficient progress – A recent Basel Committee review1 of operational risk management practices of 60 systemically important banks in 20 jurisdictions revealed that “banks have made insufficient progress” in implementing the principles introduced in 2003 and revised in 2011.

98% of the top 50 operational risk losses in the last 12 months were due to conduct risk – Analysis by Chartis has revealed that 98% (by value) and 82% (by frequency) of the top 50 operational risk losses globally over

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