In the milieu of various risks that banks encounter in financial intermediation, the broadly classified risks are (i) Credit risk (ii) Market Risk and (iii) Operational risk. Despite sufficient ...

VietNamNet Bridge – In mid-November, VietinBank hosted a conference entitled “Operational risk management: An update on current trends and recommended application in commercial banks of Vietnam” in ...

e-Finance Trends: Operational risk management in redefined 'e'conomy What is operational risk? We will come across a lot of terminology to define operational risk. The Basel committee on banking ...

Taken together, the Digital Operational Resilience Act (DORA) and the Network and Information Security Directive 2 (NIS 2) ...

Essentials of operational risk is a professional training platform developed in association with the editorial excellence of Risk.net, specialising in providing in-depth, practical and timely training ...

Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...

Canada’s solvency regulator released the final version of its Guideline E-21: Operational Risk Management and Resilience today, calling for the new expectations in the guideline to be implemented in ...

In under two months, the International Financial Reporting Standards (IFRS 17) take effect, exposing insurance firms around the globe to more stringent conditions for reporting. The global ...

The market for artificial intelligence (AI) model risk management (MRM) is expanding rapidly due to the growing use of AI and ML (machine learning) models in a variety of sectors, such as IT, ...

Rapid transformation in the power and utilities sector is exposing businesses to new risks, including serious injuries and fatalities (SIFs), that unless challenged will undermine trust in their ...