Of the main areas of risk management, operational risk has the shortest history, with the industry beginning to give it serious consideration only 25 years ago. In that time, the industry has made ...

Even minor human errors in interpreting regulations or internal accounting standards forming part of operational risk (OR) ...

Essentials of operational risk is a professional training platform developed in association with the editorial excellence of Risk.net, specialising in providing in-depth, practical and timely training ...

Schmidt, William, and Ananth Raman. "Operational Disruptions, Firm Risk, and Control Systems." Manufacturing & Service Operations Management 24, no. 1 (January ...

Citi’s latest blunder isn’t just a glitch—it’s a flashing warning sign that operational risk is still a ticking time bomb in banking,” Anna Kooi, national financial services and ...

Global capability centres in the insurance sector are enhancing risk management frameworks and setting new compliance ...

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead of $280.

Still, it took several hours to reverse the transaction, according to the FT, unveiling operational weaknesses ... scrutiny for years over its risk management and operations practices.

to comply with enhanced operational risk management requirements. At Bloomberg, we understand that remaining competitive in a fast-changing environment requires financial entities to constantly ...