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Global operational Risk Review1 Too important to ignore: how banks canget a grip on operational riskBy Dr. Tom Huertas, Partner, EY EMEIA financial Services Risk Management groupOn banks risk dashboard, the signal for operational risk is orshould be flashing red. Over the past ten years, losses fromoperational risk have soared. That has reduced earnings anddepleted capital. Consequently, both investors and supervisors are de-manding that banks bring this risk under IS operational RISK?In the dry language of the Basel Committee, operational risk is the riskof direct or indirect loss resulting from inadequate or failed internalprocesses, people and systems or from external events.
Global Operational Risk Review 1 Too important to ignore: how banks can get a grip on operational risk By Dr. Tom Huertas, Partner, EY EMEIA Financial Services Risk Management group
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