On August 20, 2015, the Office of the Superintendent of Financial Institutions (OSFI) released Draft Guideline E-21: Operational Risk Management (Draft Guideline) for comments. With the Draft ...

Public debt managers are exposed to a wide range of potential risks that could be categorized in two main areas: financial risks and operational risks. Financial risks, such as interest rate risk and ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

Current stress testing frameworks for operational risk often lack clarity with respect to measurement standards and the balance to be struck between systemic (macroeconomic) and idiosyncratic risk ...

Ola M. Tucker discusses the importance of clear, plain-language compliance writing as a risk-management tool, particularly as ...

Key Takeaways Regulatory expectations continue to expand. Oversight bodies increasingly look beyond documentation to how ...

The FSA reports on the progress and issues encountered by the UK banking industry in implementing systems for measuring and managing operational risk. The paper outlines the outcome of discussions ...

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 ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper discusses Philippines’ Summary Technical Assistance Report series that provides high-level summaries of the ...

Monetary and Capital Markets (MCM) department delivered a hybrid technical assistance (TA) mission to assist the Bangko Sentral ng Pilipinas (BSP) in developing a supervisory framework for operational ...