On August 20, 2015, the Office of the Superintendent of Financial Institutions (OSFI) released Draft Guideline E-21: Operational Risk Management (Draft Guideline) for comments. With the Draft ...

New methods of securing networks, systems and data are going to be best sought within the context of operational risk management, which is less about compliance than performance. It's human nature: ...

A new model for governance and risk management issued Monday by the Institute of Internal Auditors (IIA) makes major updates to the Three Lines of Defense model that has been popular for years. Called ...

Since operational risk management will depend on many firm-specific factors, many managerial methods also are possible and will probably be put in place over time. However, some general principles, ...

However, operational risk is a relatively new field, so understandably financial institutions have made less progress in developing formal models for it. Therefore, the supervisory agencies have ...

CARY, N.C.--(BUSINESS WIRE)--SAS remains a category leader in the Chartis Operational Risk Management Systems for Financial Services 2014 RiskTech Quadrant ®.The business analytics powerhouse was ...

The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model for risk management that has been around for more than two decades with an eye toward updating it for ...

This has resulted in the emergence of operational risk management as an important area. The new framework of Basel II has redefined its risk definition to include operations risk, in addition to ...

Fundamental shift in operational risk management: While the draft standards are not yet finalized, ... non-model-based approach to calculating regulatory capital for operational risk.

Wells Fargo (WFC 1.41%) has overhauled its compliance and risk management operations with six new appointments in an effort to enhance oversight.. The new appointees build out the new, centralized ...

Marcelo Cruz. Editor-in-chief. Welcome to the first issue of Volume 20 of The Journal of Operational Risk.. Lately, I have been in discussions with practitioners about the challenges the banking ...