Key Highlights of APRA`s Discussion Paper on Strengthening Operational Risk Management

Key Highlights of APRA`s Discussion Paper on Strengthening Operational Risk Management

Events of recent years like COVID-19, cyber-attacks, flood and storms etc. has reinforced the importance of managing and responding to operational risks. To ensure that regulated entities are well placed to manage operational risk and respond to business disruptions when they inevitably occur, APRA (Australian Prudential Regulation Authority) is consulting on a new prudential standard […]

An Integrated Risk and Resilience Framework – A Better Approach to Manage Uncertainty

An Integrated Risk and Resilience Framework – A Better Approach to Manage Uncertainty

Businesses across the globe have, in the last couple of years, seen exceptional uncertainty due to political tensions, economic turmoil, COVID-19 pandemic and others.   Markets today have put additional pressure on risk officers to safeguard the firm due to extreme conditions like changing consumer preferences, technology advancements, regulatory changes, competitive pressures, globalization etc. This dynamic […]

The Seven Steps to Implementing an Effective Risk Management Process

The Seven Steps to Implementing an Effective Risk Management Process

Risk Management Process is a methodology by which risks are formally identified, measured and treated to ensure that risk is avoided, transferred or mitigated. As part of the process number of actions and mitigations are carried out to reduce the likelihood of occurrence and the impact severity of the risk. The Risk Management Process includes […]

Operational Risk Management

Operational Risk Management Risk and Opportunities Optimized WATCH VIDEO Request a Demo Businesses are forced to be agile and make changes at a rapid pace and new risks continuously emerge. Organizations have to work in a more interconnected manner and there is a need for risk management programs to be collaborative The success of any […]