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 ...

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

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 ...

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 ...

The State Bank of Pakistan (SBP) has directed commercial banks to develop and maintain comprehensive, group-wide recovery ...

While banks can make substantial investments in automation driven by each of these three use cases—direct, embedded and customized—they should remain cautious of the potential operational risks.