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 ...
The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...
Recently, I spoke with several clients who had attended mortgage industry conferences. Each one of them pointed out the very same fact: Operational risk and regulatory compliance are the most ...
Welcome to the second issue of The Journal of Operational Risk. The main focus of the Journal is research on the risk measurement and management of operational risk and to promote greater ...
Financial institutions face myriad challenges today – the uncertainty of a complex environment coupled with market volatility and global imbalances that could affect their sovereign debt exposure. At ...
Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...
Operational risk is as old as the banking industry itself; it was the primary cause of some financial disasters. It is one of the first risks that organisations must manage, even before they make ...
Of all the financial buzzwords on Wall Street, "risk" and "operations" are in the forefront these days. With new position limits, rules and regulations rolling out as fast as firms make headlines for ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...