The business unit level operational risk manager is responsible for measuring, recording, predicting, communicating and controlling operational risks within their organizational units. In support of the risk manager’s role, Bayesian networks have been recommended as a tool for operational risk management. In this research, we describe the development of a Bayesian network model for predicting o...

Information Technology (IT) is becoming a utility and, in this context, IT services in its mode called "cloud computing" are playing a growing role. This kind of outsourcing has proved advantageous in many ways, despite the existence of both barriers that oppose contracting this sort of services, and inherent risks. In order to explore in greater depth the issues related to the advantages, barr...

The main purpose of the study is to develop an integrated framework for managing project risks by analyzing risk across project, work package and activity levels, and developing responses. Design/methodology/approach: The study first reviews the literature of various contemporary risk management frameworks in order to identify gaps in project riskmanagement knowledge. Then it develops a concept...

during the last two decades, financial institutions worldwide have witnessed a lot of stress in managing their margins in wake of the new risks, challenges and increase in the competition posed to them by the factors of liberalization and deregulation. the key to create value and achieve competitive edge lies in the better operational efficiency and productivity of these institutions under such...

Risks and losses arising from system failure, unauthorized activity, fraud and other operational errors are postulated to be one of the primary banking risks. Expert-based scenario analysis aims at describing the frequency and severity of extreme operational losses. Experts are not exact in predicting quantitative estimates for a distant future. The predicted scenarios are described by range es...

Introduction: Distilling from the National Risk Assessment for Ireland, Regional Working Group Major Emergency Management Region South (Cork and Kerry) assessed threats in region 22 hazards were identified which distributed over natural, transportation, technological civil categories. The plotted on an Interagency (Health, Police Local Authority) Matrix Method: A three-hour ‘Introduction to Man...

In the last decade public authorities have put many global and local regulations for financial institutions into practice. Several of these regulations concern operational IT risks of financial institutions. For financial institutions using the Advanced Measurement Approach operational risk is important to calculate their minimum capital requirements. The objective of this paper is to provide a...

Objective: The Fintech industry has been gaining importance among customers of the financial system, thanks to agility, scope, and simplicity services offered through digital platforms. This article aims describe, from literature, taxonomy identify Operational Risks by mapping current knowledge finding gaps in relevant literature. Design/Methodology/Approach: A systematic literature review is c...