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 ...

Measuring risk is an important managerial task that affects the continued well-being of businesses. One method for monitoring risk is the balanced scorecard approach, which contains performance ...

The measurement and management of operational risk has become an increasingly important issue as a result of the new capital requirement for operational risk implemented in the New Basel Capital ...

The U.S. bank supervisory agencies recently issued for public comment revised guidance regarding the implementation of the proposed Basel II-related, risk-based capital requirements. Among the ...

Credit risk is defined as the probability that a bank borrower or counterparty will fail to meet their obligations in accordance with agreed terms. The goal of credit risk management is to maximize a ...

Welcome to the third issue of Volume 18 of The Journal of Operational Risk. I have just returned from attending an array of risk management conferences around the world. It is always a pleasure to ...

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 ...

Companies that want to achieve a sustainable and profitable business need to focus on three dimensions of their operations, generally speaking. First is value protection, a foundational concern that ...

From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

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 ...

OpenPages, the leading provider of integrated risk management solutions for global companies, today announced that Union Bank, N.A., a financial holding company, has selected OpenPages Operational ...

Third-party relationships are double-edged swords— they can be your most significant force multipliers or risks. Third-party vendors are ingrained in all aspects of an organization, from accountants ...