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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.