OPINION: Financial crime risk and operational risk – same threats, different questions

David Brain surfaces a gap in how these risks are commonly framed, and explains why a financial crime BWRA should not be treated as a subset of operational risk.

In a recent conversation with a head of Operational Risk, I found myself circling a familiar but surprisingly under-articulated question: What is the relationship between operational risk and financial crime risk, really?

On the surface, this can sound like an academic or organizational design question. In practice, it is a

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