Category: Operational Risk

Operational Risk – OperationalRiskConsultant.com

Proposals to improve the operational risk capital framework released by the Basel Committee

The Basel Committee has today released for consultation a revised standardised approach for measuring operational risk capital[1]. The existing framework sets out different approaches that banks may use to calculate their operational risk capital requirement. Once finalised, a new unitary standardised approach will replace the current non-model-based approaches, which comprise the Basic Indicator Approach (BIA) and the Standardised Approach (TSA),...

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News and Press Releases – Fusion Risk Management

Fusion Risk Management is a leading industry provider of cloud-based software solutions for business continuity, risk management, IT disaster recovery, and crisis and incident management. Its products and services take organizations beyond legacy solutions and empowers them to make data-driven decisions with a comprehensive and flexible approach through one system. Fusion and its team of experts are dedicated to helping...

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Travelers Teams Up with Procore to Help Contractors Manage Total Cost of Risk

The Travelers Companies, Inc. (NYSE: TRV[1]) today announced an exclusive agreement with Procore, a leading provider of construction management software, to help contractors manage the total cost of risk through improved operations and job-site safety.  Procore’s construction platform connects entire project teams, from the office to the field and across companies. This provides key stakeholders – owners, general contractors, specialty...

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A squall of risks is hitting the construction sector in Canada

“Intensifying weather events coupled with a seemingly more litigious environment in Canada is certainly making it more difficult to throw a dart at the risk level of a large commercial or infrastructure project,” said David J. Rae, an account executive at Petrela, Winter & Associates[1] (PWA), whose in-house expertise coupled with a partnership in the Navacord group makes the brokerage...

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