Boston Private Bank’s Tim MacDonald on Op Risk and New Financial Products

Tim MacDonald, chief risk offcer (CRO) at Boston Private Bank, speaks with FTF News about why firms should be taking into consideration the potential operational risks of new financial products, especially in the early developmental phases. This will save a lot of problems later and might avoid calling in the Op Risk department after the fact.

For more operational risk news check out this article from the FTF News chief editor, Eugene Grygo: Widening the Scope of Op Risk

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