Operational risk

Aon has released the findings of its inaugural Business Decision Maker Survey, which found that 72 percent of business decision makers feel their businesses aren’t moving fast enough to address risks associated with global megatrends

The Basel Committee on Banking Supervision (BCBS) has issued a consultative document proposing Principles for the sound management of third-party risk in the banking sector.

New research has found that 78% of chief internal auditors believe AI will negatively impact cyber security and data security, while 58% say it will exacerbate fraud.

The Australian Prudential Regulation Authority (APRA) has published the final version of its Prudential Practice Guide [to] Operational Risk Management (CPG 230).

An open access paper published in the journal Risk Analysis explores the cascading impacts of AI-driven cyber attacks.

The opportunities are compelling but, explains Akber Datoo, to mitigate the significant risks associated with AI chatbots, it is vitally important to build the skills and knowledge to use AI legally, ethically, and effectively while maintaining data confidentiality.

Responses to an annual survey by Origami Risk indicate a marked decrease in risk management activities over the last year. Are we seeing a backslide in risk management prioritization?

RIMS, the risk management society, has published a white paper exploring the opportunities that AI provides for audit, risk, and compliance teams as well as looking at the risks that need to be managed.

EY has carried out a survey to explore operational risk and operational resilience maturity in Nordic banks.

The Reserve Bank of India has published ‘Guidance Note on Operational Risk Management and Operational Resilience’.