Buy side faces increased op risk scrutiny

NEW YORK -- Buy-side firms’ ability to effectively manage operational risk is attracting more scrutiny from sell-side colleagues, according to a panel held on March 26 at Risk Waters Group’s OpRisk 2003 USA conference in New York.

Panellists included Caxton Associates director of business management Monique Miller, Obex Securities president Randy Katzenstein and Fidelity Investments vice-president of firm-wide risk Charles Fishkin.

Fishkin addressed the issue of the extent to which op risk