On August 1, 2012, Knight Capital Group, then one of the largest market makers in United States equities, lost more than 460 million dollars in roughly 45 minutes. The cause was not a market crash, a fraud, or a cyberattack. Read More …
Author: RMA INDIA
Knight Capital Risk Management Case Study: 7 Lessons for Financial Institutions
SEBI’s IT Resilience Index for MIIs: What It Means for Cyber Governance
On August 24, 2026, SEBI issued a circular introducing the IT Resilience Index, or ITRI, for Market Infrastructure Institutions, covering stock exchanges, clearing corporations, and depositories. The same week saw two related developments that together signal a decisive shift in Read More …
Online Course on Urban Cooperative Banks Course | Operations & Governance
Urban Cooperative Banks play an important role in extending banking services to local communities, small businesses, traders, professionals and individuals. Their strong local presence and customer relationships make them an important part of India’s banking system. At the same time, Read More …
Online Course on Marine Insurance Course | Trade, Claims & Risk
Global trade depends on the movement of goods across ports, oceans, warehouses, road networks and multiple modes of transport. Every shipment can face risks such as cargo damage, theft, collision, fire, adverse weather, piracy, handling losses, documentation errors, geopolitical disruptions Read More …
Online Course on Fire Insurance | Underwriting, Claims & Risk
Fire insurance is a critical part of protecting commercial establishments, factories, warehouses, offices and other physical assets against potentially severe financial losses. However, effective fire insurance requires much more than understanding policy coverage. Professionals need to understand how fire risks Read More …
Explainability Risk: What Happens When a Bank Cannot Explain an AI Decision
A customer is denied a loan. A transaction is flagged and frozen for suspected fraud. A credit card application is silently declined. In each of these cases, the decision was made, at least in part, by an AI system, and Read More …
SimuPhish Introduces AI-Powered Cyber Risk Assessments to Address Human Risk
SimuPhish has introduced an experiential, artificial intelligence (AI)-powered approach to cyber risk assessments aimed at addressing one of the most challenging areas in cybersecurity: human behaviour risk. The solution focuses on helping organisations evaluate employee vulnerability to cyber threats through Read More …
Commonwealth Bank of Australia Upgrades Third-Party Risk Management Framework
Commonwealth Bank of Australia (CBA) has strengthened its third-party risk management capabilities as financial institutions face increasing challenges from technology dependencies, outsourcing arrangements and interconnected digital ecosystems. The upgrade reflects the growing importance of managing risks arising from external vendors, Read More …
Regulators Update CAMELS Framework to Strengthen Material Financial Risk Management
US banking regulators are updating the CAMELS supervisory framework to improve the assessment of banks’ ability to identify, measure and manage material financial risks. The changes are designed to strengthen supervisory reviews by placing greater focus on risk management practices, Read More …
Deepwater Horizon Risk Management Case Study
On 20 April 2010, hydrocarbons escaped from BP’s Macondo well beneath the Deepwater Horizon drilling rig in the Gulf of Mexico. Gas reached the rig, ignited and caused explosions and a fire. Eleven workers died, 17 suffered serious injuries, and Read More …