Operational Risk Eletter
Editor: Edward J. DeMarco, Jr.
General Counsel and Director of Operational Risk
Tel. (215) 446-4052
Operational risks exist in every financial organization, regardless of its size, in any number of forms including natural disasters, blackouts, computer hacking, and organized fraud. Managing those risks—however big or small—is critical to an organization’s success. Amid the ever-changing financial landscape, in which devastating events like the subprime mortgage crisis and international rogue trading have plagued the U.S. and European financial systems, addressing operational risk issues has become even more essential.