Banks Should Trust No One When Screening for Risk

ID Number: G00147485

29 March 2007

Richard J. De Lotto

Banks are increasingly under pressure to reduce operational risk. Perhaps the most intractable components of this are those caused by people, especially the institution's own stakeholders. Banks must extend due diligence to all potential problem causes.

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Table of Contents

Analysis

1.0

Overview

2.0

Trends

2.1		Regulations Place Banks in an Awkward Situation
2.2		Internal and External Fraud Are Growth Industries
2.3		Theft of Intellectual Property and Trade Secrets
2.4		Values-Based Investing

3.0

Action Steps

3.1		Conduct a Stakeholder Inventory
3.2		Know Your Stakeholder
3.3		Every Stakeholder a Watchman
3.4		Stop the Leaks
3.5		Longer-Term Measures: Cultivate Foreknowledge

Recommended Reading

List of Tables

	Table 1.	Screening

List of Figures

	Figure 1.	Classes of Stakeholder

	Figure 2.	Stakeholder Operational Risks

Banking Business Strategies
Operational Risk Management

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Resource Id: 502898