“In a series of interviews that took place in November and December 2016, Risk.net spoke to chief risk officers, heads of operational risk and other op risk practitioners at financial services firms, including banks, insurers and asset managers. Based on the op risk concerns most frequently selected by those practitioners, we present our ranking of the top 10 operational risks for 2017. [subscription req’d for access to full list and breakdown]
Cyber risk and data security
Regulation
Outsourcing
Geopolitical risk
Conduct risk
Organisational change
IT failure
AML, CTF and sanctions compliance
Fraud
Physical attack…”
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