Banks frequently breach appetite for top op risks
Op Risk Benchmarking: Five G-Sibs breached appetite in past year across four risk types, new research reveals
Almost half of the banks that took part in a new Risk.net benchmarking exercise admitted they had breached appetite over the past year for the top operational risks they face. That is seen by some as a result of lower appetite, and by others as a result of higher risk.
It’s one of the headline findings from Op Risk Benchmarking – a new offering that builds on the results of this year’s Top 10 Op Risks by collecting data from banks and others on how they measure and manage those risks (see box: M
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