As op risks continue to evolve, building an understanding of effective risk management is critical for financial institutions. This course covers the essential principles of op risk, from conducting ...

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 severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In addition to the principles for operational resilience, the Committee ...

On October 20, 2017, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2017-43 (the “Bulletin”) outlining principles that OCC-supervised banks should follow to prudently manage the ...

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 ...

The Reserve Bank of India on Tuesday released an updated “Guidance Note on Operational Risk Management and Operational Resilience’’ to promote and further improve the effectiveness of lenders’ ...

The State Bank has outlined principles for sound management of operational risk and minimum standards for operational risk/loss data collection. According to SBP circular issued here on Wednesday, ...

Representative Image The Reserve Bank on Tuesday updated its "guidance note" on operational risk management for the financial sector, and also extended it to the NBFCs, including housing finance ...

The Monetary Authority of Singapore (MAS) positions AI squarely within supervisory oversight, embedding governance accountability, lifecycle controls, and structured materiality into financial ...