Measuring risk is an important managerial task that affects the continued well-being of businesses. One method for monitoring risk is the balanced scorecard approach, which contains performance ...
Airline safety comparisons often focus on outcomes, while regulators and operators assess safety performance through layered oversight, system maturity, and sustained risk management . Measuring ...
Credit risk is defined as the probability that a bank borrower or counterparty will fail to meet their obligations in accordance with agreed terms. The goal of credit risk management is to maximize a ...
Banks and the financial regulatory world have changed significantly since I started consulting and training on the Basel accords ten years ago. Unfortunately, the neglect of operational risk remains ...
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 ...
Current stress testing frameworks for operational risk often lack clarity with respect to measurement standards and the balance to be struck between systemic (macroeconomic) and idiosyncratic risk ...
The SEC's 2026 examination priorities reveal a significant shift: Concerns about cybersecurity and AI have displaced ...
The US Board of Governors of the Federal Reserve System's Division of Banking Supervision and Regulation and Basel Coordination Committee issued a bulletin that provides supervisory guidance with ...
The Basel Committee on Banking Supervision (BCBS) has issued changes to its operational risk capital framework, including a new standardized measurement approach (SMA) which replaces three previously ...
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The new Standardised Measurement Approach (SMA) for operational risk ...
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Both PricewaterhouseCoopers and NetRisk have contributed staff ...
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