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Managing Operational Risk

20 Firmwide Best Practice Strategies
Summary:

The book provides a comprehensive guide to identifying, assessing, and mitigating operational risks within financial institutions. It outlines 20 best practice strategies for firmwide risk management, including frameworks, tools, and real-world examples to help organizations enhance their operational risk management processes.

Key points:

1. Risk Culture and Governance: Build a strong risk culture with clear roles and leadership commitment. Ensure risk management is part of the organization's core values and that there's oversight for consistent application.

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