The severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In addition to the principles for operational resilience, the Committee ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Covid-19 pandemic has made the need to address these threats even ...

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 ...

The Basel Committee on Banking Supervision is seeking comment from the financial services industry on its proposed principles for operational resilience that aim to enhance banks’ ability to withstand ...

The Guidelines emphasize visibility and operational dependency, requiring institutions to identify where AI is embedded and how core workflows rely on it. Materiality drives proportional oversight ...