It sounds straightforward. If you know what can go wrong, you can presumably do something about it. The difficulty, of course ...

Operational risk is the risk of losses caused by flawed or failed processes, policies, systems, people or events that disrupt business operations. Unlike financial and market risks, which stem from ...

In October 2001, under the cover of darkness, teams of American Green Berets landed in Afghanistan. This was the initial U.S. response to the terrorist attacks on Sept. 11, 2001. The nation was still ...

With a wide-ranging view of the various risks across the organization, operational risk managers at financial institutions have become trusted partners to the business in recent years and, although ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

Ontario insurers should expect heightened regulatory focus on operational risk management, technology resilience, third-party oversight and business continuity planning under new guidance issued by ...

Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...