The current financial industry crisis has raised the priority for
risk management.
Some of the most severe financial losses in 2008
were caused by insufficient operational risk procedures—despite
the awareness provided by the Basel II agreement. One way to reduce
those risks is to efficiently manage identities and accesses. Have
IT managers drawn the right lessons from the crisis?
This 2009 white
paper studies how information systems departments have reacted to
the new prominence of operational risks. Based on interviews with
IT managers from major European banks and on the expertise of Datamonitor
experts, this document details common weaknesses and specifies the
best ways to reduce them.