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 ...

As AI becomes embedded in critical business processes, organizations face growing operational dependencies. Learn why AI ...

Identifying and assessing operational risk lets you make changes in your company to secure operations and reduce risk of business failure. Operational risk is the total of risks you run when operating ...

When you own or manage a business, there's always a risk of loss or failure. Your decisions can affect how much risk your company faces, whether it's a financial risk, the risk of adopting a bad ...

Operational risk is often described as the “silent disruptor” of the financial world. Unlike credit risk or market risk, which are measurable and frequently modeled with precision, operational risk is ...

Companies that want to achieve a sustainable and profitable business need to focus on three dimensions of their operations, generally speaking. First is value protection, a foundational concern that ...

Operational resilience is defined as an organization's capability to endure adverse disruptions, adapt to challenges and recover from events such as cyberattacks, natural disasters, supply chain ...

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 ...

Across the UK, cybersecurity incidents have become a familiar feature of the business landscape. Disruptions affecting manufacturing and logistics over the past year have underlined how exposed ...

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 ...

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 ...