December 18, 2023 (NO COMMENTS)
Regulators are pressing the world’s largest exchanges and clearing houses to improve their management of operational risk, requiring a battery of enhancements – to monitoring, reporting, disclosures or stress tests – and in some cases arranging additional on-site inspections.
The findings are part of the third round of Risk.net’s Op Risk Benchmarking service, the results
of which will be published over the coming weeks. After the first two rounds focused on op risk management at banks, the new