The real test of operational risk management is not simply how a bank performs on an ordinary Tuesday when every system works ...

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 ...

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 ...

A first step to improving operational risk management programs is to develop a high-quality data store that’s ready to be used with advanced analytics. Over 79% of C-suite and other executives say ...

Business operations issues can ripple through an organization, sometimes significantly affecting a company’s brand. However, the operational risk/brand connection can also become a competitive ...

Operational resilience is defined as an organization's capability to endure adverse disruptions, adapt to challenges and recover from events such as cyberattacks, natural disasters, supply chain ...

In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s: To err is human, but to really foul things up you need a ...

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 ...

Welcome to the third issue of Volume 21 of The Journal of Operational Risk. Risk appetite is a fundamental component of operational risk management because it defines the amount and type of risk an ...

Everbridge announced an expansion of its end-to-end and global Critical Event Management (CEM) SaaS platform, unveiling the most comprehensive integrated suite of digital and physical resiliency ...