What's New at CFI | Operational Risk Management in Banks

In this episode of What’s New at CFI on FinPod,  we discuss operational risk management in banks, breaking down its four main dimensions: people, processes, systems, and external events. Operational risk stands apart from other risks like credit or market risk, affecting banks uniquely due to strict regulatory standards, particularly those outlined in the Basel Accord. We discuss why these risks are so significant for banks today and how failures in operational risk management often lead to high-profile fines and industry-wide consequences. Listeners will gain insights into why operational risk is one of the top challenges ban...