Regulators' revised Basel operational risk capital framework makes it easier for the largest U.S. banks, known as Category I and II firms, to calculate how much unborrowed money they must hold to ...

Existing loss of well control (LOWC) event indicators fall short of predicting events in an accurate and timely manner due to a lack of real-time data integration crucial for proactive risk management ...

Operational risk is often described as the “silent disruptor” of the financial world. Unlike credit risk or market risk, which are measurable and frequently modeled with precision, operational risk is ...

Operational risk management encompasses the identification, assessment, monitoring and mitigation of losses arising from inadequate or failed internal processes, people, systems or external events.

In April, Anthropic announced Project Glasswing, describing it as an initiative to secure critical software with its unreleased frontier AI model, Claude Mythos Preview. The project name suggests ...

A lot of retail loss is an execution problem — inconsistent associate training, partner compliance gaps, and process breakdowns at the store level. But data also needs to be unified and used as a ...