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 ...
The severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is ...
A fundamental investing concept is that investors need to be compensated for taking on additional risk. However, investors often do not anticipate operational risks, and as a result, are often not ...
Aki Eldar is the CEO and co-founder of Mirato, provider of an AI-enabled third-party risk management (TPRM) intelligence platform. From cyberattacks and supply chain crises to rising inflation and the ...
The U.S. Defense Information Systems Agency, or DISA, launched a new cyber assessment program, known as a Command Cyber Operational Readiness Inspection (CCORI), that provides the Defense Department ...
James Gorman, chairman and chief executive of Morgan Stanley, said during a Senate Banking Committee hearing this week that the proposed operational risk provision in the Basel III endgame capital ...
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 ...
LONDON--(BUSINESS WIRE)--Why are oil and gas industry players struggling with many operational risks, and what is the ideal sustainable solution? Various factors, such as fluctuating oil prices, ...
The Australian Prudential Regulation Authority (APRA) is consulting on a new Prudential Standard designed to strengthen the management of operational risk in Australia’s banking, insurance, and ...
Third-party relationships are double-edged swords— they can be your most significant force multipliers or risks. Third-party vendors are ingrained in all aspects of an organization, from accountants ...
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 ...
What is supply chain risk? Understanding supply chain risk is fundamental in being able to effectively manage operational risk. Two of the most significant threats operational leaders face are cyber ...