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 ...

Banks are being held responsible for foreign policy pivots they didn’t cause, can’t predict and are rarely equipped to manage ...

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

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

Banks will come under risk-based supervision (RBS) from January 2026, the central bank said today, as it aims to bring ...

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 ...

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 ...

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 ...