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.
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.