Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Thomas J Catalano is a CFP and Registered Investment Adviser with ...
This study uses three methods – operational lapses, the cost–income ratio and the basic indicator approach – to measure operational risk in the non-life-insurance sector. The system generalized method ...
This research models operational risk data via the loss distribution approach under Basel II using open-source data consisting of 3192 operational loss events between 2009 and 2018. The approach is ...
Operational risk specialists are commanding higher salaries and tackling more complicated issues as banks focus on increasing the quality of their teams, rather than boosting headcount Operational ...
Identifying and assessing operational risk lets you make changes in your company to secure operations and reduce risk of business failure. Operational risk is the total of risks you run when operating ...
Another significant reference is the COSO ERM (Enterprise Risk Management) framework, developed by the Committee of ...
Recently, I spoke with several clients who had attended mortgage industry conferences. Each one of them pointed out the very same fact: Operational risk and regulatory compliance are the most ...
Challenging times present an opportunity for organizations to perform detailed assessments of their operations. While recent stock market turmoil has many organizations worried about both short and ...
When you own or manage a business, there's always a risk of loss or failure. Your decisions can affect how much risk your company faces, whether it's a financial risk, the risk of adopting a bad ...
The likes of the RBS IT glitch, PPI mis-selling claims, and the Libor rate-setting scandal have ensured that for some time operational risk has been prominent on the British news agenda. Against this ...
Since the 2008 crisis, regulators (and therefore banks) have focussed on monitoring and understanding the risks in our financial system. This has led to the creation of a number of high profile ...
Twenty-three large, internationally active banks reported more than twice as many instances of major operational losses in 2003 than they had two years before, according to a study released by federal ...