HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC) has published the Operational Resilience Framework (ORF) after more than a year of development ...

HERNDON, Va.--(BUSINESS WIRE)--The Global Resilience Federation’s (GRF) Business Resilience Council (BRC), a group focused on mitigating systemic threats to business operations, launched the ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

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 ...

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 ...

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The new Standardised Measurement Approach (SMA) for operational risk ...

Recently, I spoke with several clients who had attended mortgage industry conferences. Each one of them pointed out the very same fact: Operational risk and regulatory compliance are the most ...

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 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 ...