Details

  • Service: Advisory, Transactions & Restructuring, Restructuring Services
  • Date: 4/30/2014

RMA Journal Article 

Operational risk has become an increasingly important focus for financial institutions and regulators ever since the financial crisis, as the industry has had to deal with wrongful foreclosures, trading scandals, cyber threats, third-party concerns, and disruptions such as those created by Super Storm Sandy.
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Against this backdrop, RMA and KPMG teamed to conduct the Operational Risk Management Excellence "Get to Strong" Survey. The objective was to have participants share their insights into ORM practices in support of enhanced business value, heightened regulatory expectations for strong risk management, and Basel AMA use-test compliance.