Discover crucial aspects of operational risk, from its causes and management strategies to examples and assessment techniques ...

Operational risk scenario analysis has existed for a long time. Why is it under more scrutiny now? Patrick Naim, Elseware: I wouldn’t describe it as scrutiny so much as more ambitious objectives for ...

Risk Culture is an upstream causal driver of nearly every downstream risk category — because how people behave determines how ...

AI risk must be integrated into established operational risk thinking and quantitative cyberrisk governance approaches.

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 ...

Atkar: Not necessarily on operational risk. For instance, the recent Basel paper on the treatment of insurance to mitigate operational risks proposes arguably a more complicated approach than ...

The gap between AI and traditional risk modelling is substantial. Traditional models often fall short when dealing with complex, non-linear relationships. In contrast, AI models thrive in detecting ...

Bhavya Bhandari highlights the shift from static, assessment-driven GRC to integrated, real-time risk visibility and smarter ...