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 ...

Risk and control self-assessments have been common in the finance industry for many years – so why are they still relatively ineffective? I believe the answer is fairly straight-forward; it’s all to ...

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 ...

Organizations that rely on third-party vendors for critical operations face unique challenges in managing vendor risks. These external ...

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 ...

Identifying and assessing operational risk lets you make changes in your company to secure operations and reduce risk of business failure. Operational risk is the total of risks you run when operating ...

Welcome to the first issue of Volume 14 of The Journal of Operational Risk. Although the new Basel III framework will eliminate the advanced measurement approach (AMA), it is comforting to see that ...

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 ...