Testimony, the case of BOAD

Context:

Operational Risk Management has evolved considerably in recent years. The challenge is to structure a common approach to measuring, preventing and controlling operational risks; propose and ensure the implementation of the Operational Risk Management policy; and promote and strengthen the corporate culture in this direction.

Challenge:

Because of this new context around the RCMP, “BOAD is not subject to Basel II rules. However, it has embarked on a proactive approach to comply with international best practices, including the Basel II standards. In all our activities, we try to follow “standards” because we treat a lot internationally, that our partners use, “explains Mr Legouda.

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