HOW MUST FINANCIAL INSTITUTIONS PLAN AND PREPARE WHEN CHARTING A JOURNEY TOWARDS OPERATIONAL RISK MANAGEMENT?
People, Process and Technology, the Operations Ecosystem, is fast evolving, and posing new challenges and risks for the senior management. Time and again the robustness of an organization’s machinery is undergoing a test of its design, its capability maturity and its operating effectiveness.
Recent and recurring market and industry risk events have re-emphasized the need for Indian Financial Institutions to recognize their failures resulting from sub-standard business practices and inadequate technology investments, and to position renewed energies into Operational Risk Management.
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