Managing Operational Risk – What every professional needs to know

By Stanley Epstein

"Operational risk is probably one of the most misunderstood risks in the whole of the risk spectrum.

While risks such as “credit risk”, “liquidity risk”, “market risk” are easily understood by business and other professionals, “operational risk” is a poor relation when it comes to grasping what it really means.

The starting point, of course, is to define what we mean when we speak about operational risk.

My favourite definition is that formulated by the “Basel Committee on Banking Supervision” in its “Principles for the Sound Management of Operational Risk” (BIS - June 2011).

The definition reads;

“Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.” 

 

To read the rest of this article please visit ILLUMEO's Blog >> HERE

Blockchain Unmasked

By Stanley Epstein

"For many of us, as we advance further and further into this new digital world, we are assailed by a plethora of new technologies, new terms, new ways of thinking and new ways of processing transactions.

One of these technologies is the blockchain.

Few people really understand what the blockchain is, but banks, financial institutions, IT organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance."

To read the rest of this article please visit ILLUMEO's Blog >> HERE

What happens in a single minute on the Internet?

On-line Course - Key Elements in Managing Operational Risk

Inadequate or failed internal processes, people and systems or external events are the key “risk drivers” in operational risk. These “risk drivers” are exceptionally wide-ranging and cover virtually every element of the operations in all forms of business and other organizations.

This on-line training course sets out a step-by-step approach in how to manage your operational risks, covering the fundamental steps required to identify, manage, and mitigate operational risks.

We cover key aspects of operational risk management including critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, and prioritization.

Additionally we are also going to give you a great 10% course discount. Just use Coupon Code CITADEL10 when you register.

Sign up HERE for this course TODAY! 

Check out our other great on-line courses HERE

New On-line Training Course - Understanding the Blockchain

Few people understand what the blockchain really is, but banks, financial institutions, Information Technology (IT) organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance.

Bitcoin. Blockchain. Cryptocurrencies. ICO's. 

These are terminologies that everyone’s talking about, but what do these words really mean?

Find out in this brand new on-line course that will provide you with clear definitions and a explanations for the blockchain; the theory, the technology, the process, the use-cases and much more.

Additionally we are also going to give you a great 10% course discount. Just use Coupon Code CITADEL10 when you register.


Sign up for this course TODAY! 

Check out our other great on-line courses HERE

Beyond the Smartphone: New Mobile Opportunities

From Deloitte CIO Journal

Why risk management is SO important

Check out our range of In-person and On-line training courses HERE