On the second episode of our #RiskyBusiness series, Olivier Beroud (Founder, CGRR) talks to Andrew Cunningham (Co-chair of the editorial board, CGRR) on operational risk and resilience and what Basel's new standards mean for banks and the industry.
Find out more about what we're doing at the Centre for Governance, Risk and Regulation by going to risk.libf.ac.uk
Chapter markers:
00:00 - 00:59 - Introduction
01:00 - 03:15 - What's the difference between operational risk and operational resilience?
03:16 - 05:36 - What are some practical examples?
05:37 - 09:26 - Why is Basel producing new standards?
09:27 - 16:08 - What am I as a bank director supposed to do?
16:09 - 22:17 - What are the lessons learnt that we can draw from the Tesco example?
22:18 - 23:11 - Conclusion
#OperationalRisk #OperationalResilience
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