Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Costly, impactful operational risk events – ranging from fraud, money laundering and record-keeping failures to geopolitical risk and Libor manipulation – grabbed many headlines in 2022. The businesses at the heart of several scandals, including Deutsche Bank, Goldman Sachs, JPMorgan Chase, Read More …
Why businesses must embrace new technology and take a less reactive approach to risk management Companies with strong risk cultures have several key traits. Most importantly, genuine ownership and responsibility for risk culture rest with front-line employees, with executive-level accountability Read More …
How well prepared is your operation to manage risk? For ag operations, oftentimes successful risk management can make the difference between an operation that runs like a well-oiled machine versus one that seems to constantly be swimming just to stay Read More …
Operational analytics is a powerful means of leveraging data to improve your business. Learn the details about this approach and how to introduce it into your organization. Today’s technology produces a tidal wave of data, and it’s only going to Read More …
The renowned management scholar Peter Drucker once said that “culture eats strategy for breakfast”. He meant that organisational culture influenced human factors like employee attitudes, beliefs, and behaviours, matter more than a clever strategy when determining success or failure in Read More …
Banks continue to evolve and enhance their Comprehensive Capital Analysis and Review (CCAR) operational risk loss estimation process. Now they have a renewed focus on the qualitative aspects of estimation, as well as the leverage of and integration with their Read More …
As we advance further in this digital-first world, the lines between humans and technology are blurring. The addition of the suffix ‘tech’ to industries like finance, insurance, human resources and even education has ushered in a paradigm shift. Additionally, the Read More …
Poor operational risk management has been the fundamental cause of most significant losses in numerous financial and non-financial companies worldwide. In Kenya, for example, over 15 State-sponsored enterprises (SSEs) in the past two or three decades have collapsed. Other large Read More …
It is good news that the number of frauds in banks is coming down due to improved technology-led real-time monitoring and control. According to the ministry of finance, the bank frauds during 2016-17 stood at Rs.61,229 crores which declined to Read More …