The Institute of Enterprise Risk Practitioners (IERP®) is the world’s first and leading certification institute for Enterprise Risk Management (ERM).

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MCOR Tag

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All organisations want to be successful, or at least do well enough to satisfy their shareholders, and keep their various stakeholder groups happy. They also want this prosperity to be continuous, and, ideally, to increase over time. But there is one barrier that must be considered, inherent in all business

Operational risk is something all organisations have to deal with. It is inherent in all business activities, and can include fraud, physical damage, business disruption, transaction failures, legal and regulatory breaches, employee health and safety hazards. If not carefully managed and monitored, it may result in financial losses for the

Operational risk relates to losses resulting from inadequate or failed internal processes, people and systems, or external events. These may occur in an organisation’s day-to-day operations, and may involve internal resources and systems, procedures and the organisation’s employees. Operational risk may also result in data loss, equipment malfunction or high

What is operational risk? It is usually defined as the prospect of loss resulting from inadequate or failed procedures, systems or policies or other external events. Generally, it is understood to be the uncertainties and hazards that an organisation has to deal with in the course of its day-to-day business

Operational risk deals with the uncertainties the organisation faces in its day-to-day business activities. This may include a range of happenings spanning equipment breakdown, insubordinate staff and non-compliance with internal procedures; to problems that are the result of external events, such as natural disasters; to political unrest in neighbouring countries

What constitutes Operational Risk (OR)? Just about anything. It can be as localised as a plumbing problem that makes the office toilets unusable, or new software that disrupts office systems across the organisation and its subsidiaries in different jurisdictions while making it difficult for customers to transact online. OR can be

Operational risk, the loss resulting from inadequate or failed internal processes, people and systems, or other external events is essentially juggling every aspect of operations; everything passes through your hands, and you cannot afford to take your eyes off the objects you’re juggling for even a second. As environments grow

Every time a bank or any other financial institution gives a loan, there is always the risk that the borrower may default on repayment. This is Credit Risk (CR), which may be defined as the risk of the non-fulfilment of a financial obligation, such as a borrower not being able to

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