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 ...

The operational risk component of the agencies' capital proposal could not possibly pass any cost-benefit analysis, write Grag Baer and Francisco Covas, of Bank Policy Institute. If the capital rule ...

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 ...

The regulators fourth test of Central Counterparties (CCPs) showed proof of resilience but found that there was room to improve risk management frameworks. The European Securities and Markets ...

Whilst material operational risk events are clearly captured, less material ones often are not clearly identified or recorded. Until you get absolute visibility of every piece of poor control and what ...

Aki Eldar is the CEO and co-founder of Mirato, provider of an AI-enabled third-party risk management (TPRM) intelligence platform. From cyberattacks and supply chain crises to rising inflation and the ...

Many super funds may not have enough money put aside to compensate their members in the event of a major operational risk event, according to Mercer. A survey of 34 not-for-profit funds found just ...

Exchanges can play a critical role in helping their participants manage and reduce operational risks, according to a recent whitepaper from Citadel Securities in collaboration with NYSE, Nasdaq, MIAX, ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In addition to the principles for operational resilience, the Committee ...

Third-party relationships are double-edged swords— they can be your most significant force multipliers or risks. Third-party vendors are ingrained in all aspects of an organization, from accountants ...