This case study focuses on modeling the real, unique data set of 4245 operational risk claims of an anonymous Central and Eastern European insurance company from 2010 to 2018. We apply extreme value ...

This paper follows an exploratory, descriptive approach to investigate the role that management accounting practices plays in managing operational risks in the Palestinian commercial banking sector.

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 ...

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 ...

Learn about model risk, its causes, management strategies, and real-world examples from financial industry pitfalls. Unlock insights to reduce risk and enhance decision-making.

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 ...

In today’s fast-paced and unpredictable business world, small and medium-sized enterprises (SMEs) must navigate many operational challenges. With the potential for significant disruptions lurking ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Katrina Ávila ...

As a result of RBI’s dedicated focus on financial risks, particularly credit risk, Indian banks’ balance sheets have improved to the best in over a decade. System-wide gross non-performing assets ...

Jodi Richard never wanted to be a stay-at-home mom. Her mother was a manager at a regional bank and she instilled a solid work ethic within Jodi from a young age. There are no free rides. Richard went ...

The Punjab National Bank fraud has brought attention back to how banks manage operational risk. There is a need to investigate what procedures were undermined, and how a few employees in connivance ...