Outsourcing and operational risk management

Jonathan Rosenoer, Global Head of Operational Resilience and Risk Solutions, IBM Financial Services Sector.The full report will be available shortly from IBM.

Risk management is of critical importance to financial institutions, financial markets, and the regulators and supervisors charged with preserving the safety and soundness of the financial system. In light of recent shocks, represented in part by the failures at Enron and WorldCom (and Barings, Long Term Capital Management, BCCI and others before that), there has been a surge in regulatory initiatives focused on financial institution risk.