How do you handle risks that live in the very operations of your securities activities? In the PostTrade 360° Amsterdam conference, Northern Trust’s Vincent Molino shared his brief on what “operational due diligence” is all about.
[This is an update, now with the video, of the original news post from the conference day, 28 October.]
Put in a lot of preparation. This was one of the pieces of advice from Vincent Molino in his session.
Scandals like Bernard Madoff’s ponzi scheme have highlighted risks inherent to the everyday operations of financial firms – as different from the business risks of the investment targets, or the counterparty risks of trades. In response, industry actors are going more structured in how they manage them.
Stay tuned … a full-session video could well be published sooner or later.
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