Emerging Issues in Risk Management and the Emergence of Operational Risk Management (Presented at Fidelity Bank Workshop), Lagos

Operational Risk Management has emerged as a critical issue in risk management following the Barrings debacle. Banks and other financial institutions are increasingly undergoing myriads of change and today face an environment marked by growing customer sophistication and expectations, stringent regulatory demands, proliferation of financial products, technological innovation and high level of competition. Probability of failure or mistakes has become more real than ever leading to increased focus on operational risks management.