TITLE

Measuring Operational Risk: How the Mistakes Add Up

AUTHOR(S)
Kentouris, Chris
PUB. DATE
December 2009
SOURCE
Securities Industry News;12/14/2009, Vol. 21 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author discusses ways of measuring operational risks of financial companies and securities brokers in the US. He cites that prevalence of security disputes within the securities brokerage business are often settled privately and very few reach the courts. He cites the mistakes commonly committed by financial institutions include failed settlement of trades and erroneous processing of corporate action notifications. He mentions that minimizing human intervention in the transactions will help reduce discrepancies in the records.
ACCESSION #
47180988

 

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