Operational risk can never be 100% eliminated, and management must decide what level of operational risk it is comfortable accepting. While businesses often seek to reduce risk through contracts or ...

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 ...

COVID-19 has brought sound operational risk practices into focus around the world of business. Operational risk is the risk of loss from failures in internal processes. As COVID-19 disrupted our ...

In the years since the housing crisis, the phrase "operational risk" grew into a primary concern of every mortgage executive. Even by its tone, operational risk sounds ominous, but it's an issue ...

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 ...

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 ...

When you own or manage a business, there's always a risk of loss or failure. Your decisions can affect how much risk your company faces, whether it's a financial risk, the risk of adopting a bad ...

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. FMUs provide essential infrastructure to clear and settle payments and ...

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 ...