Protecting Bank Assets through Operational Risk Management
Protecting Bank Assets through Operational Risk Management
2 PagesThe Opportunity. As a result of the first major Consumer Financial Protection Bureau (CFPB) enforcement action, a top-10 U.S. bank was assessed a $25 million penalty; these rulings spurred the organization to better understand, manage and contain operational risks. The bank needed to quickly build a robust and permanent operational risk management infrastructure to prevent future regulatory actions and fines. The Obstacles Ineffective g
