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Article: Operational risk management and information technology.(Operational Risk Series)
- Article from:
- The RMA Journal
- Article date:
- September 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 The Risk Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This article discusses the evolution of operational risk management (ORM) and addresses some key questions about both ORM and technology risk. Included in this article are an analysis of the state of the industry, both at the large banks and the small and medium-sized institutions (SMSIs), and some introductory thoughts on managing technology risk.
Operational Risk: The New Frontier in Risk Management
Exploring the best--or even emerging--practices in assessing and reporting on operational risks, particularly technology risks, raises more questions than answers. Most banks have a general idea of what they would like to accomplish, but they lack a clear ...