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 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 ...

Scroll through social media and you’ll likely see it: fake profiles, bot spam, phishing links. Most don’t realize that many aren’t bots. Rather, they’re run by a criminal operation in Myanmar, one ...

Identifying and assessing operational risk lets you make changes in your company to secure operations and reduce risk of business failure. Operational risk is the total of risks you run when operating ...

The last decade has seen an explosion in technologies with tremendous potential impact on a business. From internet-connected devices to the algorithms that can make sense of the mountains of data ...

Many organizations have gone through unprecedented changes in the past year. While some have struggled to cope, others have proven resilient in the face of uncertainty. To handle adversity gracefully ...

Integrated risk management (IRM) is becoming an increasingly popular term to showcase the importance of risk at the forefront of corporate governance, as well as inferring that, traditionally, these ...

Welcome to the fourth issue of Volume 20 of The Journal of Operational Risk. My conversations with industry practitioners and academics these days always begin and end on the subject of artificial ...

Note that these headlines not only point to the financial impact on companies, but also have consequences beyond their earnings—from the personal to the greater community. Many people, especially ...

What is supply chain risk? Understanding supply chain risk is fundamental in being able to effectively manage operational risk. Two of the most significant threats operational leaders face are cyber ...

The Simplify Enhanced Income ETF sells options to generate modest income for investors. A recent blowup at the Simplify Macro Strategy ETF highlights operational risk at the asset manager, as the fund ...