Category: OperationalRiskConsultant.com

Financial Services Operational Risk Management Solution Market Outlook by Product Overview, Application and Regions 2030

Pune, Maharashtra, December 29 2020 (Wiredrelease) Market.Biz :The ongoing market research report reveals insight into basic parts of the worldwide Financial Services Operational Risk Management Solution[1] market, for example, merchant viewpoint, market drivers, and difficulties alongside the provincial research. The report helps the perusers to make an appropriate answer and clearly understand the flow and future situation and patterns of...

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News, blogs & updates

Don’t forget – you can also stay up to date with ORX by following us on LinkedIn[1] or Twitter[2]. Or, sign up to our newsletter[3] to get a monthly round-up of our news, useful reading and research highlights delivered straight to your inbox. If you’re specifically looking for updates from ORX News[4] (including top 5 operational risk losses and stories of the...

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Revisions to the principles for the sound management of operational risk

The Committee introduced its Principles for the sound management of operational risk in 2003, and subsequently revised them in 2011 to incorporate the lessons from the financial crisis. In 2014, the Committee conducted a review of the implementation of the principles which indicated that several principles had not been adequately implemented, and that the principles did not sufficiently capture certain...

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Basel Committee releases consultative documents on principles for operational risk and operational resilience

Operational resilience principles aim to increase the capacity of banks to withstand disruptions due to potentially severe events. Updated principles on operational risk focus on change management and information and communication technologies (ICT). Covid-19 has raised the importance of operational resilience and mitigating operational risk. In recent years, the growth of technology-related threats has increased the importance of banks’ operational...

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