Risk is a reality for business owners and managers regardless of the industry sector or size of the company.; Well-run companies have a comprehensive risk management framework in place to identify ...

Elizabeth Queen, vice president for risk management at Wolters Kluwer NV, talks about the company’s innovations on the risk front, including the decision to move some human resource functions ...

The Deming PDCA cycle, in the context of an ISO-based risk management system, enables iterative progression from Planning (P) ...

The three lines of defence is a risk governance framework that splits responsibility for operational risk management across three functions. Individuals in the first line own and manage risk directly.

The paper proposes a cyber risk definition and classification scheme for risk management purposes that financial institutions can use as a data collection template. The proposed scheme ensures that ...

Model risk can stem from using a model with bad specifications, programming or technical errors, or data or calibration errors. Model risk can be reduced with model management such as testing ...

A risk management framework allows a company to identify risks, as well as measure, report on, and set systems in place to manage and limit those risks.