Deutsche Bank has been named as
OpRisk & Compliance magazine’s
Outstanding Bank in Europe for Operational Risk Management. The award was part of OpRisk & Compliance’s ‘10 years of excellence’ awards, which highlighted the top 10 companies and regulators that have contributed to the evolution of the operational risk management discipline over the past decade.
The magazine noted: “Some banks must be dragged by their regulators kicking and screaming to comply.The cleverer ones move of their own accord, realising the fruits of maintaining a strong and healthy op risk culture. Deutsche Bank is one such organisation.”
The award followed extensive consultation across the industry by the judges, and recognised that while many banks were still working on their operational risk framework, Deutsche Bank was actually using it.
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