Tags » Operational Risk

FFIEC Releases Cybersecurity Assessment Tool

On June 30, 2015 the Federal Financial Institutions Examination Council issued a Cybersecurity Assessment Tool (Assessment) that financial institutions may use to evaluate their risks and cybersecurity preparedness.  635 more words

Operational Risk

Are These Losses from The Same Distribution?

In Advanced Measurement Approaches (AMA) for Operational Risk models, the bank needs to segment operational losses into homogeneous segments known as “Unit of Measures (UoM)”, which are often defined by the combination of lines of business (LOB) and Basel II event types. 302 more words


Highlights from RMA’s 9th Annual Governance, Compliance, and Operational Risk Conference (GCOR)

On April 22, Edward J. DeMarco Jr., general counsel and director of operational risk at RMA, welcomed attendees to Day One of the sold-out GCOR IX in Boston. 317 more words

Regulatory Compliance

Eliminating Blind Spots: Shifting Risk Focus from Technology to Business

By Ed Page, Managing Director, FSI IT Consulting Practice Leader, U.S.

and Jonathan Wyatt, IT Consulting Practice Leader, UK

Most organizations are critically dependent on technology to operate in the modern world. 512 more words

Information Technology

Deputy Comptroller Discusses Risk Management

In a speech delivered on February 25, 2015, OCC Deputy Comptroller Darrin Benhart discussed current risk management practices relevant to the banking industry. Benhart repeated risk themes covered in several recent OCC… 690 more words

Regulatory Compliance

The show must go on...- managing your staff in start ups

I always wanted this blog to be a personal account of my journey through planning, setting up and growing this business and personally 2015 has so far been the hardest start of a year in my life so far. 351 more words

Key Challenges Facing Vendor Risk Management Programs

The Third-Party/Vendor Risk Management Survey conducted between June and August 2014 by RMA, in association with MetricStream, sought to capture the range of practices in third-party/vendor risk management (VRM) over a cross section of RMA member institutions, and to gather detailed information on some of the key challenges that banks and other financial institutions are facing. 655 more words