The loss distribution approach (LDA) has evolved as the industry standard for operational risk models despite a number of known weaknesses. In particular, LDA’s traditional focus on historical loss ...

To quantify the aggregate losses from operational risk, we employ an actuarial risk model, ie, we consider the compound Cox model of operational risk to deal with the stochastic nature of its ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. If you’ve ever had the idea of founding a startup, you’ve probably seen the thrilling guides ...

Integrated risk management (IRM) is becoming an increasingly popular term to showcase the importance of risk at the forefront of corporate governance, as well as inferring that, traditionally, these ...

NORTHAMPTON, MA / ACCESSWIRE / April 25, 2023 / Our Operational Resilience function orchestrates the Company's Emergency Management (EM), Business Resilience (BR), IT Incident Response (IR) and IT ...

Over the past year the Basel Committee on Banking Supervision has refined its approach to setting minimum capital requirements for operational risk (see “Regulatory Treatment of Operational Risk” in ...

Striving for operational excellence is crucial for business success today. In a previous article, I discussed driving operational success through an effective annual planning process. I encouraged ...

Preparing for the unexpected may be a contradiction in terms, but for financial firms it is essential for survival. The sector has long been a target for threat actors, given that this is where the ...

PRESSADVANTAGE – Rocket CRM has announced continued development and refinement of its Missed Call Text Back functionality, reflecting broader changes in how organizations manage inbound communication, ...

Air-Sea Battle is described as a limited objective concept by the Department of Defense.[1] Some critics have argued that Air-Sea Battle must be more than a limited objective concept, possibly a war ...