Risky Business Ep. 2 - Operational risk and resilience: what do the new standards mean?

On the second episode of our #RiskyBusiness series, Olivier Beroud (Founder, CGRR) talks to Andrew Cunningham (Co-chair of the editorial board, CGRR) on operational risk and resilience and what Basel's new standards mean for banks and the industry.

Chapter markers:
00:00 - 00:59 - Introduction
01:00 - 03:15 - What's the difference between operational risk and operational resilience?
03:16 - 05:36 - What are some practical examples?
05:37 - 09:26 - Why is Basel producing new standards?
09:27 - 16:08 - What am I as a bank director supposed to do?
16:09 - 22:17 - What are the lessons learnt that we can draw from the Tesco example?
22:18 - 23:11 - Conclusion

#OperationalRisk #OperationalResilience

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[RyanMcGuinness]

Thanks for this. Found it really interesting and useful

[sza]

The question is, Is Cyber Security classified under the Operational Risk umbrella as per BASEL?