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 ...

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 ...

Grounded in foundational works on operational resilience, such as the 2018 Bank of England paper “ Building the UK financial sector’s operational resilience,” and contributions from ...

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.

This paper discusses Philippines’ Summary Technical Assistance Report series that provides high-level summaries of the assistance provided to IMF capacity development recipients, describing the ...

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 ...

ANZ Banking Group is migrating its entire non-financial risk portfolio to ServiceNow, in a move to strengthen operational resilience across its enterprise technology stack. Over the past two years ...