European Union regulators are ready to work with international peers to establish a global taxonomy for classifying operational risks as part of the risk-based capital regime for banks, but few expect ...

The push for standardization under Basel III continues, bringing significant changes to how banks calculate capital requirements for operational risk. Against this backdrop, the European Banking ...

Financial institutions in EU are redefining their risk and compliance framework by embedding resilience into governance while embracing change and strategic transformation across business operations.

Michael Hsu, acting director of the Office of the Comptroller of the Currency, said in a speech Tuesday that regulators are looking at issuing a rule to govern operational risk at the largest banks to ...