Tags » Operational Risk

Emergency Communications App Improves Corporate Resilience

Today is a very exciting day for YUDU!

We are thrilled to announce the launch of our cutting-edge Emergency Communications App, which aims to improve corporate resilience by delivering visibility on staff safety and limiting the duration and impact caused by a serious incident. 259 more words


Enhancing Risk Managers’ Strategic Influence

Various surveys indicate that executive decision-makers and corporate risk managers have different enhacing-risk-managers-strategic-influence-250x324priorities, and may not even be speaking the same language, as concerns risk. This apparent disconnect may create a barrier for professional growth for risk managers who desire more influence in strategic decision making. 54 more words

Cyber Risk

Risk Appetite – Is Your Entire Organization Engaged?

By Matthew Moore
Managing Director, Protiviti’s Risk & Compliance Practice

Financial services firms are in the business of taking risks. Although these risks are mainly financial, there are others too, ranging from day-to-day operations, to the companies’ broader strategic moves into new markets or new products. 610 more words

Regulatory Compliance

Commodity Risk- Mapping, Modeling and Operational Risks

September 14, 2015

Commodity traders face so many different risks on each transaction they do. In my latest work for About.com I examine and describe three just risks, mapping, modeling and operational risks. 29 more words


Some Considerations of Modeling Severity in Operational Losses

In the Loss Distributional Approach (LDA) for Operational Risk models, multiple distributions, including Log Normal, Gamma, Burr, Pareto, and so on, can be considered candidates for the distribution of severity measures. 447 more words


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