Canada’s Office of the Superintendent of Financial Institutions – OSFI – is the latest in a long list of governing bodies to publish new requirements for operational resilience. Guideline E-21 was published on August 22, [...]
Regulators worldwide have been busy pumping out operational resilience regulations, particularly for the financial services industry. The three main regulations – DORA, APRA, PRA/FCA – have multiple phases with different effective dates. Here’s a [...]
Robust operational resilience strategies are at the core of a successful, sustainable business. To support organizations to emerge stronger in the face of adversity, the Australian Prudential Regulatory Authority (APRA) has introduced CPS 230, [...]
How an Integrated Risk Management Tool Can Help Insurers Harness the Power of APIs to Improve Data Integrity, Accuracy, Efficiency, and Customer Experience In the ever-changing insurance industry, making your organization’s vast stores of [...]
By Michael Bratton, Riskonnect | Published by DRJournal, April 12, 2023 | Organizations around the globe are under increasing pressure to meet a growing list of regulatory requirements and guidance. That’s especially true for [...]
By Brian Zawada, Riskonnect Published by Continuity Central, January 9, 2023 Increased geopolitical tensions, cyberattacks, supply-chain issues, and continued pandemic-related fallout prompted a growing number of organizations to take a decidedly more strategic approach [...]
By Elliott Yama and Brian Zawada, Riskonnect Published by DRJournal, October 10, 2022 You’ve probably heard the three letters “ESG” used together as part of a risk management or compliance discussion, but what does the [...]
Operational risk analysis means identifying potential risks that could impact your business and its employees. It helps organizations identify and manage risks before they become costly problems. Both types of risk analysis — qualitative and [...]
“The need for operational risk management is more acute than ever” claims the Institute of Operational Risk (IOR) in its ‘Operational Resilience’ white paper. Geared at helping risk professionals to improve the practice of operational [...]
According to the Institute of Risk (IOR), “A workable risk taxonomy – often referred to as risk categorisation – can be regarded as the foundation upon which an effective operational risk management framework is constructed. Without this common frame of reference for [...]
Risk data provides organizations with the opportunity to leverage information that will help to drive a more robust operational risk management (ORM) program, embedded within an effective enterprise risk management (ERM) framework. The imperative therefore [...]
Organizations are used to responding to regulatory, environmental, technological, or internal structural changes. Recent events, however, have kicked the amount of change into high gear – and made it crystal clear how critical it [...]
