Pandemic crisis impact on operational risk management
The Covid-19 outbreak and related lockdown have highly challenged financial institutions’ operating models and IT systems. Although, dealing with day-to-day operations have been their main priorities during this period, financial institutions should now learn from this unexpected event with extreme impact to enhance their operational risk management framework.
In that perspective, Aurexia has conducted dedicated analysis on this pandemic crisis impact on operational risk management framework. While several components of the framework have been commonly impacted, the depth of this impact will strongly depend on each financial institutions’ operational risk management framework maturity.
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