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, ...

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 ...

In the healthcare sector, AI-driven SOIs can forecast high-risk patient events and detect potential operational disruptions, enhancing both safety and efficiency. The Emergence Of Governance And Trust ...

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 ...

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 ...

• Visibility — OpenAi gives investment, administrative, compliance and risk management teams real-time, web-based access to operational workflow, transaction status, and investor and portfolio ...

Financial risk management is a ... adapt to serve the online crowd have a better chance of surviving than businesses who stick to the offline business model. ... Operational risk is a catch ...

They set organizational risk tolerances and may develop methodologies for capturing and measuring risk postures. In this model, the operational risk is still wholly “owned” by the operational ...

The need for integrating OT and IT security for risk management is evident, but OT and IT security have developed separately—creating risky and expensive security silos.