Contrastingly, only 39% of the organisations surveyed declare using 20 KRIs or more, while 15% use fewer than five and 14% use none. This column proposes a six-step method to identify, design and ...

The operational risk modeling approaches investigated in the literature are based on the assumption that it is possible to determine distinct parametric frequency and severity distributions based on ...

Third-Party Service Provider (TSP), released its latest white paper, Operational Risk Assessment for Advanced Air Mobility ...

Operational risk is as old as the banking industry itself; it was the primary cause of some financial disasters. It is one of the first risks that organisations must manage, even before they make ...

In addition, any such risk reductions are currently limited to permit a maximum 20% reduction in overall operational risk exposures. Conclusion The main objective of the proposed Basel II capital ...

The framework’s rules, released today for public comment, are aligned to existing standards including NIST and ISO.

For example, one National Library of Medicine study found that responsibilities associated with patient care accounted for more than 80% of a typical pharmacist’s shift.

So, whilst existing operational risk requirements may already apply, the need to address specific digital risk factors is also present and ever-increasing. The EU is seeking to address this through ...

Monetary and Capital Markets (MCM) department delivered a hybrid technical assistance (TA) mission to assist the Bangko Sentral ng Pilipinas (BSP) in developing a supervisory framework for operational ...