For banks navigating the evolving regulatory landscape, building operational resilience is no longer just a best practice, it's a strategic imperative. Let’s delve into key strategies for ...

Michael Hsu, acting director of the Office of the Comptroller of the Currency, said in a speech Tuesday that regulators are looking at issuing a rule to govern operational risk at the largest banks to ...

The Office of the Comptroller of the Currency (the “OCC”) recently issued the agency’s semi-annual perspective on key risks facing banks in 2024 with ...

Bank capital rules are incredibly complex and costly. They will never guarantee financial stability. A radical simplification ...

Financial firms are leaning on cloud to improve customer service and power long-term growth, London Stock Exchange Group ...

The operational risk reduction from banks’ digital transformation is mainly driven by traditional and financial businesses rather than nontraditional ones. Heterogeneity analyses show that regional ...

If the capital rule recently proposed by the federal banking agencies is adopted, U.S. banks will end up holding over $300 billion in capital against "operational risk." The capital charge comes ...

These are certainly exciting times! The Journal of Operational Risk, as the leading publication in this area, aims to be at the forefront of OpRisk discussions and we welcome papers that shed light on ...

While research on losses due to operational risks is in its infancy, when the Basel Committee on Banking Supervision’s Risk Management Group surveyed 89 banks in 2002, these banks reported ...

New Delhi: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report ...