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	<title>Operational Risk Management &#8211; Risk Publishing</title>
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		<title>The Three Lines of Defense Model Explained for Operational Risk Practitioners</title>
		<link>https://riskpublishing.com/the-three-lines-of-defense-model-explained/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Mon, 18 May 2026 18:40:18 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<category><![CDATA[operational risk]]></category>
		<category><![CDATA[operational risk management]]></category>
		<category><![CDATA[Three Lines of Defense Model]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=36184</guid>

					<description><![CDATA[On May 10, 2012, JPMorgan Chase disclosed $2 billion in trading losses from its Chief Investment Office. By year-end the loss had ballooned to $6.2 billion. Bruno Iksil, the London Whale, had breached internal risk limits multiple times in early 2012, but the bank&#8217;s Value-at-Risk Excel model understated portfolio risk because a formula divided by ... <a title="The Three Lines of Defense Model Explained for Operational Risk Practitioners" class="read-more" href="https://riskpublishing.com/the-three-lines-of-defense-model-explained/" aria-label="Read more about The Three Lines of Defense Model Explained for Operational Risk Practitioners">Read more</a>]]></description>
		
		
		
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		<title>Operational Risk vs Enterprise Risk: Where Lines Blur and Where They Shouldn&#8217;t</title>
		<link>https://riskpublishing.com/operational-risk-vs-enterprise-risk-difference/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Mon, 18 May 2026 18:07:50 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<category><![CDATA[Key Risk Indicators for Operations Departments]]></category>
		<category><![CDATA[operational risk]]></category>
		<category><![CDATA[Operational Risk Key Risk Indicators Examples]]></category>
		<category><![CDATA[Operational Risk vs Enterprise Risk]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=36177</guid>

					<description><![CDATA[On September 8, 2016, the Consumer Financial Protection Bureau, the OCC, and the Los Angeles City Attorney announced a $185 million settlement with Wells Fargo. The action followed staff opening roughly 2 million unauthorized customer accounts to hit aggressive sales targets. By June 2025, cumulative fines and consumer redress had crossed $4.9 billion, and the ... <a title="Operational Risk vs Enterprise Risk: Where Lines Blur and Where They Shouldn&#8217;t" class="read-more" href="https://riskpublishing.com/operational-risk-vs-enterprise-risk-difference/" aria-label="Read more about Operational Risk vs Enterprise Risk: Where Lines Blur and Where They Shouldn&#8217;t">Read more</a>]]></description>
		
		
		
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		<title>Model Risk Management: SR 11-7 Guidance and Validation Framework</title>
		<link>https://riskpublishing.com/model-risk-management-sr-11-7-guidance/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Thu, 09 Apr 2026 11:56:42 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=34222</guid>

					<description><![CDATA[In 2012, JPMorgan Chase&#8217;s Chief Investment Office lost $6.2 billion through positions built on a flawed Value-at-Risk (VaR) model. The internal review revealed that the model had been modified to halve the reported risk, and the model change process bypassed the bank&#8217;s independent validation function. The &#8220;London Whale&#8221; incident became the defining case study for ... <a title="Model Risk Management: SR 11-7 Guidance and Validation Framework" class="read-more" href="https://riskpublishing.com/model-risk-management-sr-11-7-guidance/" aria-label="Read more about Model Risk Management: SR 11-7 Guidance and Validation Framework">Read more</a>]]></description>
		
		
		
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		<title>Operational Risk Management in Banking: Basel Framework and Three Lines</title>
		<link>https://riskpublishing.com/operational-risk-management-in-banking-basel/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Wed, 08 Apr 2026 12:12:51 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=34105</guid>

					<description><![CDATA[Operational risk management in banking faces critical challenges as institutions struggle to close the gap between policy and practice. In January 2024, a $2.6 billion unauthorized trading loss at a major European bank exposed what regulators had warned about for years: the gap between documented operational risk controls and actual front-line practice. The bank’s risk ... <a title="Operational Risk Management in Banking: Basel Framework and Three Lines" class="read-more" href="https://riskpublishing.com/operational-risk-management-in-banking-basel/" aria-label="Read more about Operational Risk Management in Banking: Basel Framework and Three Lines">Read more</a>]]></description>
		
		
		
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		<title>Basel III Endgame: What the Final Rule Means for Operational Risk</title>
		<link>https://riskpublishing.com/basel-iii-endgame-what-the-final-rule-means/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Wed, 01 Apr 2026 10:49:31 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=33900</guid>

					<description><![CDATA[When JPMorgan Chase CEO Jamie Dimon testified before Congress in late 2023 that the original Basel III Endgame proposal would require his bank to hold an additional $50 billion in capital—enough to fund 500,000 small business loans—the operational risk component was the single largest contributor to that number. The Advanced Measurement Approaches (AMA) that the ... <a title="Basel III Endgame: What the Final Rule Means for Operational Risk" class="read-more" href="https://riskpublishing.com/basel-iii-endgame-what-the-final-rule-means/" aria-label="Read more about Basel III Endgame: What the Final Rule Means for Operational Risk">Read more</a>]]></description>
		
		
		
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		<title>Top Fraud Detection &#038; Prevention Software Compared</title>
		<link>https://riskpublishing.com/top-fraud-detection-prevention-software-compa/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Wed, 18 Mar 2026 23:52:18 +0000</pubDate>
				<category><![CDATA[Information security management system]]></category>
		<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=33201</guid>

					<description><![CDATA[Key Takeaways The global fraud detection and prevention market reached $54.61 billion in 2025 and is projected to grow to $243.72 billion by 2034 (CAGR 17.5%). Global fraud losses exceed $58 billion annually, and 93% of financial institutions cite AI-driven fraud as a growing concern. Companies worldwide lose an average of 7.7% of annual revenue ... <a title="Top Fraud Detection &#038; Prevention Software Compared" class="read-more" href="https://riskpublishing.com/top-fraud-detection-prevention-software-compa/" aria-label="Read more about Top Fraud Detection &#038; Prevention Software Compared">Read more</a>]]></description>
		
		
		
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		<title>Best Anti-Money Laundering (AML) Software Compared</title>
		<link>https://riskpublishing.com/best-anti-money-laundering-aml-software-compa/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Mon, 16 Mar 2026 12:07:00 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<category><![CDATA[RCSA]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=33068</guid>

					<description><![CDATA[Key Takeaways Global AML enforcement fines surged 417% in H1 2025 versus H1 2024, totaling $1.23 billion. The record TD Bank penalty of $3.09 billion in 2024 signals a zero-tolerance regulatory posture that makes AML software non-negotiable for US financial institutions. NICE Actimize dominates Tier 1 banking with implementations across 85% of the world&#8217;s largest ... <a title="Best Anti-Money Laundering (AML) Software Compared" class="read-more" href="https://riskpublishing.com/best-anti-money-laundering-aml-software-compa/" aria-label="Read more about Best Anti-Money Laundering (AML) Software Compared">Read more</a>]]></description>
		
		
		
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		<title>Three Lines Model in Practice: A Complete Implementation Guide</title>
		<link>https://riskpublishing.com/three-lines-model-in-practice-a-complete/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Wed, 04 Mar 2026 08:08:19 +0000</pubDate>
				<category><![CDATA[Key risk indicators]]></category>
		<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=32629</guid>

					<description><![CDATA[How to Structure First, Second, and Third Line Responsibilities with RACI Clarity Across US Organizations Executive Summary The Three Lines Model is the governance architecture that tells everyone in your organization who owns risk, who oversees it, and who independently verifies it. First published by the Institute of Internal Auditors (IIA) in 2013 and fundamentally ... <a title="Three Lines Model in Practice: A Complete Implementation Guide" class="read-more" href="https://riskpublishing.com/three-lines-model-in-practice-a-complete/" aria-label="Read more about Three Lines Model in Practice: A Complete Implementation Guide">Read more</a>]]></description>
		
		
		
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		<title>Weick and Sutcliffe Principles: The 5 Pillars of High Reliability Organizations (2026 Guide)</title>
		<link>https://riskpublishing.com/weick-and-sutcliffe-principles-the-5-pillars/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Mon, 24 Feb 2025 12:51:08 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=31940</guid>

					<description><![CDATA[The Weick and Sutcliffe principles are five organizational practices that explain how nuclear plants, aircraft carrier flight decks, and emergency rooms sustain safety records most organizations never achieve. They are: preoccupation with failure, reluctance to simplify, sensitivity to operations, commitment to resilience, and deference to expertise. Together the five produce what Weick and Sutcliffe call ... <a title="Weick and Sutcliffe Principles: The 5 Pillars of High Reliability Organizations (2026 Guide)" class="read-more" href="https://riskpublishing.com/weick-and-sutcliffe-principles-the-5-pillars/" aria-label="Read more about Weick and Sutcliffe Principles: The 5 Pillars of High Reliability Organizations (2026 Guide)">Read more</a>]]></description>
		
		
		
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		<title>Effective Risk Management Strategies for Workers Comp in Your Business</title>
		<link>https://riskpublishing.com/risk-management-strategies-for-workers/</link>
		
		<dc:creator><![CDATA[Chris Ekai]]></dc:creator>
		<pubDate>Wed, 13 Nov 2024 05:13:20 +0000</pubDate>
				<category><![CDATA[Operational Risk Management]]></category>
		<guid isPermaLink="false">https://riskpublishing.com/?p=31910</guid>

					<description><![CDATA[Workers’ compensation is one of the few business expenses where your own track record directly determines what you pay. Unlike property insurance or general liability, where pricing is driven largely by location and industry, your workers’ comp premiums are adjusted up or down based on your company’s actual claims history through a mechanism called the ... <a title="Effective Risk Management Strategies for Workers Comp in Your Business" class="read-more" href="https://riskpublishing.com/risk-management-strategies-for-workers/" aria-label="Read more about Effective Risk Management Strategies for Workers Comp in Your Business">Read more</a>]]></description>
		
		
		
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