Overseeing an operational risk programme never ceases to fascinate me. There are aspects to op risk that are overwhelmingly unique from any other risk discipline. As I have said previously, it has the ...

Many small business owners worry that they are susceptible to fraud and the potential impact it could have on their businesses. In a recent survey by Deloitte, only 6 percent of respondents thought ...

Recent global events such as the Covid-19 pandemic and increasing geopolitical tensions have prompted organisations to rethink operational resilience. Financial institutions need to proactively manage ...

COVID-19 has brought sound operational risk practices into focus around the world of business. Operational risk is the risk of loss from failures in internal processes. As COVID-19 disrupted our ...

Financial institutions are in the business of risk management and reallocation, and they have developed sophisticated risk management systems to carry out these tasks. The basic components of a risk ...

Operational risk can never be 100% eliminated, and management must decide what level of operational risk it is comfortable accepting. While businesses often seek to reduce risk through contracts or ...

Measuring risk is an important managerial task that affects the continued well-being of businesses. One method for monitoring risk is the balanced scorecard approach, which contains performance ...

From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

VietNamNet Bridge – In mid-November, VietinBank hosted a conference entitled “Operational risk management: An update on current trends and recommended application in commercial banks of Vietnam” in ...

How can operational and risk assessments help business owners save money? Operational assessments can help business owners identify inefficiencies and waste, ensure sound decision-making and deter ...