As op risks continue to evolve, building an understanding of effective risk management is critical for financial institutions. This course covers the essential principles of op risk, from conducting ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In addition to the principles for operational resilience, the Committee ...

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 ...

On October 20, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-43 (the “Bulletin”) outlining principles that OCC-supervised banks should follow to prudently manage the ...

What is a risk management framework? Implementing the principles and guidelines of a risk management framework (RMF) is not just an effective way to manage current risks, it also provides a structured ...

The State Bank has outlined principles for sound management of operational risk and minimum standards for operational risk/loss data collection. According to SBP circular issued here on Wednesday, ...

The Reserve Bank of India on Tuesday released an updated “Guidance Note on Operational Risk Management and Operational Resilience’’ to promote and further improve the effectiveness of lenders’ ...

Severe weather conditions have a tremendous impact on our power grid as well as downstream costs for people, property, and brands that are costly and time-consuming to recover from. For example, ...

The National Insurance Commission (NAICOM) has released new code of conduct for operators in the nation’s insurance industry with a focus on effective risk management and internal control framework.