Faustino Pérez Solórzano, Chief Technology & Support Officer at RiskMS, has signed an article on operational risk in financial institutions, published in Funds People.
The article addresses the need to address and manage operational risk, that is, the type of risk derived from human errors, failures in the systems of the entity or inadequate internal processes.
This kind of risk may involve important cases of fraud or economic losses within the financial entities, without forgetting the damage in terms of reputational risk that may arise from their knowledge by the media.
Therefore, its control is essential for the correct functioning of banks.
You can find the complete article in this link (Spanish).