Operational risk can never be 100% eliminated, and management must decide what level of operational risk it is comfortable accepting. While businesses often seek to reduce risk through contracts or ...

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 ...

COVID-19 has brought sound operational risk practices into focus around the world of business. Operational risk is the risk of loss from failures in internal processes. As COVID-19 disrupted our ...

Current stress testing frameworks for operational risk often lack clarity with respect to measurement standards and the balance to be struck between systemic (macroeconomic) and idiosyncratic risk ...

The U.S. bank supervisory agencies recently issued for public comment revised guidance regarding the implementation of the proposed Basel II-related, risk-based capital requirements. Among the ...

From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

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 ...

Integrated risk management (IRM) is becoming an increasingly popular term to showcase the importance of risk at the forefront of corporate governance, as well as inferring that, traditionally, these ...

Operational Risk e-learning programme is designed for both aspiring and active risk professionals, VPs, MDs, heads of departments, CFOs, CROs, analysts, operational and risk management staff within ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment ...