A company can have a good safety record and still be carrying more operational risk than its leadership realizes. On paper, ...

Organizations commonly practice the disciplines associated with operational resilience: business continuity, disaster recovery, incident management, crisis management and risk management. However, the ...

Operational risk is the risk of losses caused by flawed or failed processes, policies, systems, people or events that disrupt business operations. Unlike financial and market risks, which stem from ...

Operational resilience is defined as an organization's capability to endure adverse disruptions, adapt to challenges and recover from events such as cyberattacks, natural disasters, supply chain ...

Operational risk is often described as the “silent disruptor” of the financial world. Unlike credit risk or market risk, which are measurable and frequently modeled with precision, operational risk is ...

A first step to improving operational risk management programs is to develop a high-quality data store that’s ready to be used with advanced analytics. Over 79% of C-suite and other executives say ...

Many firms depend on scheduling and dispatching operations, but they can also be a risk factor. There are many things that might cause operations to be disrupted, which can result in lost revenue and ...

With a wide-ranging view of the various risks across the organization, operational risk managers at financial institutions have become trusted partners to the business in recent years and, although ...

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 ...