Regulators' revised Basel operational risk capital framework makes it easier for the largest U.S. banks, known as Category I and II firms, to calculate how much unborrowed money they must hold to ...

As financial services organizations adapt their business models and processes to take advantage of technology advances, operational risk management practices also may have to undergo reevaluation to ...

Operational risk is created by the business. It arises when somebody processes a payment, opens an account, approves a loan, ...

The UAE Central Bank has introduced a new operational risk management framework that makes the rules stricter for banks and other licensed financial institutions, especially on cybersecurity, incident ...

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 ...

Nanovest's CX-Risk Signal Governance framework transforms customer interactions, chatbot behaviour and service workflows into a unified system for detecting and resolving operational, fraud, ...

HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC), a group focused on mitigating systemic threats to business operations, launched the ...

HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC) has published the Operational Resilience Framework (ORF) after more than a year of development ...

On August 20, 2015, the Office of the Superintendent of Financial Institutions (OSFI) released Draft Guideline E-21: Operational Risk Management (Draft Guideline) for comments. With the Draft ...

Recently, I spoke with several clients who had attended mortgage industry conferences. Each one of them pointed out the very same fact: Operational risk and regulatory compliance are the most ...

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 ...