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 ...

Atkar: Not necessarily on operational risk. For instance, the recent Basel paper on the treatment of insurance to mitigate operational risks proposes arguably a more complicated approach than ...

Strait of Hormuz instability is forcing oil and gas operators to reassess security and continuity. Rising geopolitical ...

The Basel Committee on Banking Supervision is proposing a new standardized approach to accounting for operational risk that utilizes a single, standard methodology and does away with internal modeling ...

Operational risk management encompasses the identification, assessment, monitoring and mitigation of losses arising from inadequate or failed internal processes, people, systems or external events.