Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Thomas J Catalano is a CFP and Registered Investment Adviser with ...

This research models operational risk data via the loss distribution approach under Basel II using open-source data consisting of 3192 operational loss events between 2009 and 2018. The approach is ...

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From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

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 ...

In today’s fast-paced and unpredictable business world, small and medium-sized enterprises (SMEs) must navigate many operational challenges. With the potential for significant disruptions lurking ...

Challenging times present an opportunity for organizations to perform detailed assessments of their operations. While recent stock market turmoil has many organizations worried about both short and ...

Another significant reference is the COSO ERM (Enterprise Risk Management) framework, developed by the Committee of ...

Since the 2008 crisis, regulators (and therefore banks) have focussed on monitoring and understanding the risks in our financial system. This has led to the creation of a number of high profile ...

Operational risk specialists are commanding higher salaries and tackling more complicated issues as banks focus on increasing the quality of their teams, rather than boosting headcount Operational ...

Twenty-three large, internationally active banks reported more than twice as many instances of major operational losses in 2003 than they had two years before, according to a study released by federal ...