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

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 ...

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 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 ...

James Gorman, chairman and chief executive of Morgan Stanley, said during a Senate Banking Committee hearing this week that the proposed operational risk provision in the Basel III endgame capital ...

When I first entered banking in South Africa in 1966, the word "risk" had a very specific meaning. Ask any banker what kept him awake at night, and the answer was almost always the same. Would ...

This case study focuses on modeling the real, unique data set of 4245 operational risk claims of an anonymous Central and Eastern European insurance company from 2010 to 2018. We apply extreme value ...

“I often reflect on the fact that RiskMetrics was released in 1992,” says the head of operational risk at a large European bank, referring to the analytics suite JP Morgan published in an attempt to ...

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 ...