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Article: Chief Operational Risk Officers discuss: Basel II and the development of the operational risk discipline.(Company overview)(Conference notes)
- Article from:
- The RMA Journal
- Article date:
- June 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 The Risk Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Chief Operational Risk Officers panel discussion was one of the highlights of the RMA/ORX Global Conference on Operational Risk held in New York in March. Jay Newberry, managing director, head of Operational Risk, Citigroup, moderated the discussion and participated in the panel. Other panelists were Joseph A. Sabatini, managing director, JPMorgan Chase; Sebastian Fritz, head of Operational Risk, Deutsche Bank AG; and Yousef A. Valine, executive vice president, Wachovia Corporation. Below is an edited transcript of their remarks.
Newberry: A question for Joe Sabatini: We have been living with Basel II for some time now. What are the issues today?
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