The updated sound principles for supervision and management of operational risk guidelines from Basel specifically requires that Operational risk heads should be of the same stature in the organisation as Credit and Market risk heads.

This does highlight that regulatory requirements are required to build the profile of the function, however, would like to have the opinion of fellow practitioners on how far such regulatory guidelines are required, will this help?

©2024 The Institute of Operational Risk. All Rights reserved Site designed and powered by Eko UK Limited

Log in with your credentials

Forgot your details?