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What is Enterprise Risk Management in Banking about?

This document discusses operational risk in the mortgage banking industry. It provides examples of how operational risk can arise from business logic and process errors within IT systems and policies. The document advocates for the use of business rules and workflow technology to increase process efficiency and systematically mitigate operational risk. It provides a case study from Freddie Mac that showed implementing processes using a business rules approach was faster and more flexible than traditional me

Author

rasika rasika

Language

EN