We spoke to banking industry leader Tracy Clarke about the operational risk control completeness challenges facing boards and senior executives. In this interview we explore the financial implications of incomplete controls.

“It’s not just the cost of operational inefficiency, fines, or assurance, it’s also about risk capacity and capital. With a complete risk and control inventory firms can both reduce costs and enhance risk capacity”

Tracy Clarke is Non-Executive Director at Acin, Starling Bank, and TP ICAP; Former Private Bank CEO and Regional CEO, Europe & Americas at Standard Chartered.

Watch the full interview below: