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 ...

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 ...

18 October 2010 In less than 2 weeks, Operational Risk Management pioneers from renowned institutions; both based in the Middle East and globally, will gather at Fleming Gulf's second installment of ...

When Shahab Syed decided to join Arab Banking Corporation (ABC) in 2005 to set up an operational risk management function from scratch, he had no misconceptions about the task ahead. What management ...

When a firm implements an enterprise-wide operational risk management (ORM) framework, obtaining meaningful results from the copious op risk data set is a daunting task. If the data is not turned into ...

Of all the financial buzzwords on Wall Street, "risk" and "operations" are in the forefront these days. With new position limits, rules and regulations rolling out as fast as firms make headlines for ...

Public debt managers are exposed to a wide range of potential risks that could be categorized in two main areas: financial risks and operational risks. Financial risks, such as interest rate risk and ...

In the milieu of various risks that banks encounter in financial intermediation, the broadly classified risks are (i) Credit risk (ii) Market Risk and (iii) Operational risk. Despite sufficient ...

As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and ...