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 ...

In October 2001, under the cover of darkness, teams of American Green Berets landed in Afghanistan. This was the initial U.S. response to the terrorist attacks on Sept. 11, 2001. The nation was still ...

Operational risk management encompasses the identification, assessment, monitoring and mitigation of losses arising from inadequate or failed internal processes, people, systems or external events.

Operational risk is often described as the “silent disruptor” of the financial world. Unlike credit risk or market risk, which are measurable and frequently modeled with precision, operational risk is ...

For years, financial institutions, payment providers and treasury platforms have treated foreign exchange risk management and operational functions as independent domains. Businesses process payments ...

This piece is part of a series benchmarking bank operational risk management practices. Risk Management subscribers can view ...

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 ...

In July 2023, APRA released the final new cross-industry Prudential Standard CPS 230 Operational Risk Management (CPS 230). The new standard was designed to strengthen the management of operational ...