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 ...

For example, time-critical risk management is used when there is little time to make decisions, while strategic risk management is used when there is enough time to make an in-depth analysis.

Operational risk can substantially impact an insurer's risk situation and is now increasingly in the focus of insurance companies, especially due to new European risk-based regulatory framework ...

A specific example of Bayesian networks application to operational risk in an insurance setting is then suggested. The Journal of Risk and Insurance publishes rigorous, original research in insurance ...

Operational Risk vs. Business Risk. 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 ...

With such an uptick in known supply chain attacks and well-publicized outcomes, organizations are compelled to scrutinize their vendor relations.

The U.S. bank supervisory agencies recently issued for public comment revised guidance regarding the implementation of the proposed Basel II-related, risk-based capital requirements. Among the ...

Perhaps this will go down as a classic example of operational risk leading to credit risk. Similar to what Nick Leeson did for Barings decades ago. One man bringing down an established bank.

How can security professionals help their organisations move from traditional governance, risk and compliance to integrated risk management that integrates risk activities from across an ...

Today, the landscape of operational risk is being reshaped by cyber threats, third-party dependencies, artificial intelligence adoption and regulatory scrutiny. With operational resilience under the ...

Artificial intelligence-powered supply chain management software firm Verusen today announced the launch of AI for Spare Parts Criticality, a new evaluation and optimization solution that ...

ANZ Banking Group is migrating its entire non-financial risk portfolio to ServiceNow, in a move to strengthen operational resilience across its enterprise technology stack. Over the past two years ...