FRSGlobal

Swiss Business, May 2010 - The human side of risk management

The weak point of internal risk management in banks is the human being, which is also the main part of the solution.

“Operational risk is a non-financial risk that is, however, very much driven by both market and credit risks” explains Ioannis Akkizidis, senior financial risk analyst at FRSGlobal Switzerland, a regulatory reporting and risk analysis consultancy, and member of the steering committee of Zurich Chapter PRMIA, an international risk management association. “Operational risk is measured quantitatively based on actual or potential financial losses that it can or will cause.”

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