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 ...

A new model for governance and risk management issued Monday by the Institute of Internal Auditors (IIA) makes major updates to the Three Lines of Defense model that has been popular for years. Called ...

What is supply chain risk? Understanding supply chain risk is fundamental in being able to effectively manage operational risk. Two of the most significant threats operational leaders face are cyber ...

James Gorman, chairman and chief executive of Morgan Stanley, said during a Senate Banking Committee hearing this week that the proposed operational risk provision in the Basel III endgame capital ...

The gap between AI and traditional risk modelling is substantial. Traditional models often fall short when dealing with complex, non-linear relationships. In contrast, AI models thrive in detecting ...

This paper considers the trade-offs that may be made in the risk and uncertainty associated with various performance criteria of a project activity. Specifically, duration, cost and quality are the ...

Simulations are important. It was ever thus since the dawn of computing, but they have become even more important in AI-infused complex business environments. Simulations are core to any ...

WASHINGTON, April 4 (Reuters) - The U.S. Federal Reserve said last month it will make significant changes to a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" ...

For years, financial institutions, payment providers and treasury platforms have treated foreign exchange risk management and operational functions as independent domains. Businesses process payments ...