Contingent operational resiliency risks represent a creeping threat that require attention sooner rather than later. How can risk management respond rapidly to these contingent risks and prioritize “good enough” mitigations? The “New Normal” exposes institutions to a different set of operational resiliency…
Read More The “New Normal” has different operational resiliency risks
Why is it important not to conflate correlation and causation? . . . And why is this a problem for Operational Risk Management? You have probably taken at least one statistics class at some point. You were probably told that correlation…
Read More What’s more important: how often you wash your hands or what you just did with your hands?
Why taxonomies alone are not enough This article was originally published in the August 2013 issue of The Risk Universe. A common risk language of Process, Risk and Control Taxonomies is a core and indispensable component of any analytical framework…
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