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 ...

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

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 ...

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 ...

Welcome to the third issue of Volume 21 of The Journal of Operational Risk. Risk appetite is a fundamental component of operational risk management because it defines the amount and type of risk an ...

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 ...

An operational framework is a guide to a company's policies, goals, standards, procedures and training. The framework sets out the way the company does business and promotes a corporate culture and ...

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 ...

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 ...

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 ...