From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

Banks have been building, refining and applying operational risk management (including considerations for, but so far not focusing on, pandemics) for more than 20 years. Countries have been dealing ...

The risk assessment of a new product is one of the most critical activities performed by the operational risk management of a company operating in the financial sector. There are few reference points ...

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 ...

Company's latest solution streamlines RCSA process and enables enterprise-wide visibility The new solution brings risk management to individual business units, ensuring day-to-day vulnerabilities are ...

Note that these headlines not only point to the financial impact on companies, but also have consequences beyond their earnings—from the personal to the greater community. Many people, especially ...

May - June 2006 Introduction Basel II has changed the face of Operational Risk management in the Financial Services industry leading Institutions around the world to review and challenge the way in ...

In under two months, the International Financial Reporting Standards (IFRS 17) take effect, exposing insurance firms around the globe to more stringent conditions for reporting. The global ...

Large organisations face major challenges in identifying and managing operational risk. Well established factors that contribute to that operational risk include: emerging technology such as AI; ...

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