It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead ...

Of the main areas of risk management, operational risk has the shortest history, with the industry beginning to give it serious consideration only 25 years ago. In that time, the industry has made ...

When it comes to risk in entrepreneurship, most entrepreneurs confine it to financial investments. Here, they're mistaken. Risk means market uncertainties, operational challenges and brand reputation ...

"Fourth parties" are the parties that a service provider engaged by an APRA-regulated entity relies on in delivering its services (essentially, a subcontractor). CPS230 acknowledges that an ...

The article will discuss the five broad categories that most of this industry’s risk falls under and address the ...

liquidity risk, and operational risk. A company's management can control risk with varying levels of success. Some risks can be directly managed; other risks are largely beyond the control of ...

The COSO framework for enterprise risk management identifies eight core components of developing ERM practices. Successful ERM strategies can mitigate operational, financial, security, compliance ...

to comply with enhanced operational risk management requirements. At Bloomberg, we understand that remaining competitive in a fast-changing environment requires financial entities to constantly ...

Still, it took several hours to reverse the transaction, according to the FT, unveiling operational weaknesses ... scrutiny for years over its risk management and operations practices.