The Institute of Risk Management’s (IRM) Internal Model Industry Forum (IMIF) has launched a guidance booklet entitled ‘Operational risk modelling: common practices and future development’. The ...

Algorithmics, the leading provider of risk solutions, today announced that it has been awarded a patent for its operational risk capital modeling framework. The patent recognizes Algorithmics' ...

The predictive analytics market within the banking sector has been witnessing substantial growth in recent years, fueled by the increasing adoption of data-driven decision-making processes and the ...

Artificial intelligence has become the defining frontier of modern finance. From generative models that accelerate document ...

Atkar: Not necessarily on operational risk. For instance, the recent Basel paper on the treatment of insurance to mitigate operational risks proposes arguably a more complicated approach than ...

Regional banks show near-universal adoption of scenario analysis to gauge their exposure to operational risks, with an average deployment rate of 92% across their top five op concerns, including cyber ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The evolving data and analytical landscape is driving the potential for more precise risk assessment and smarter pricing. How ...

Operational risks exist in every endeavor and in every organization—including yours. These risks include damage to physical assets, business disruption and system failure, data theft, and fraud.

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 ...