Tag: IT outsourcing

IT outsourcing

Operational Risk on the Rise – EBA

In its latest assessment of the European banking system, the European Banking Association highlights the threat posed by technological advances, outsourcing and data protection.
The results of a risk assessment questionnaire show operational risks remain an area of concern given the challenges EU banks have to face with the rapid development of financial technologies. Based on the questionnaire results, 55 % of respondents foresee an increase in operational risk in their bank compared to 43 % in December 2016 and 35 % in December 2015.