Leaders can be part of the systems enabling harm or part of the systems addressing it—and the latter is better for business.

As operational risk was driven by regulatory requirements, usually with a short-term perspective, the typical and practical response by the banks was to create an application for each regulatory ...

Operational risk management: Banks should leverage their respective functions for the management of operational risk to identify external and internal threats and potential failures in people ...

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 ...

However, no matter what the definition, operational risk touches every aspect of an organisation’s business from front to back. Then there are the drivers for ORM in the industry today. Some ...

"We've seen agencies actually grow into applying enterprise risk management techniques and practices in the budget process," said Dr. Karen Hardy.

Many operational risk teams today perform third-party risk management (TPRM) processes manually by utilizing subject matter experts who spend a great deal of time managing a tremendous volume of data.

If the capital rule recently proposed by the federal banking agencies is adopted, U.S. banks will end up holding over $300 billion in capital against "operational risk." The capital charge comes ...

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and ...

The U.S. Defense Information Systems Agency, or DISA, launched a new cyber assessment program, known as a Command Cyber Operational Readiness Inspection (CCORI), that provides the Defense Department ...