News Risk Management05 Dec 2018

Many FIs not using operational risk to transform their business models:survey

05 Dec 2018

Aligning operational risk management (ORM) with strategy could enable strategic change, improve business performance and enhance customers' experience for financial institutions. However, only about half of firms with less than $250bn in assets leverage ORM to challenge business models, according to a survey by KPMG and The Risk Management Association (RMA).

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