Operational Risk Management

To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II

Stanley Epstein Associate at Citadel Advantage Group

Europe’s Most Critical Operational Risk: The Cyber-Resilience Challenge Facing Banks

How cyber, ICT, and fraud threats have become the central focus of operational risk management in European banking Introduction European banks have entered a new era of operational risk exposure — one dominated not by rogue traders or faulty models, but by invisible adversaries in cyberspace. As digitalisation accelerates and financial institutions...

31 October 2025 /crime

Stanley Epstein Associate at Citadel Advantage Group

Risk Analysis: Central Bank Digital Currencies as a Mechanism for Authoritarian Control

A few days ago, I published an article, “Understanding Central Bank Digital Currencies (CBDCs): A Guide to the Core Concerns”. To continue on this theme, I am now publishing a more detailed risk analysis, which I hope will help in the understanding of these concerns. 1. Introduction: Defining the "Digital Prison" Central Bank Digital C...

24 October 2025 /regulation

Stanley Epstein Associate at Citadel Advantage Group

From Defense to Resilience: Building Cyber Strength in an Era of Relentless Digital Threats

A Strategic Risk Management Framework for Sustaining Trust, Continuity, and Competitive Advantage Introduction: Cyber Risk as the New Business Continuity Challenge In an era where business operations, customer interactions, and supply chains are inseparably tied to digital infrastructure, the boundaries between technology risk and business risk h...

15 October 2025 /ai /regulation

Stanley Epstein Associate at Citadel Advantage Group

The Cybercrime Tsunami: How Firms Can Stay Afloat in an Age of Digital Predation

AI-driven attacks, deepfake deception, and escalating ransomware mark a dangerous new era of cybercrime. But with the right strategy, resilience is not only possible—it’s essential. Introduction: Welcome to the New Battleground In today’s hyperconnected world, the frontlines of business are no longer physical—they’re digital. Every transaction, da...

12 October 2025 /crime

Stanley Epstein Associate at Citadel Advantage Group

Balancing the Scales: AI’s Expanding Role in Banking and the New Frontiers of Operational Risk

As artificial intelligence transforms financial operations, banks face both unprecedented opportunities and deepening vulnerabilities. The future belongs to institutions that can harness AI’s power without surrendering control. Introduction Artificial intelligence (AI) and machine learning (ML) have rapidly evolved from niche research fields into ...

11 October 2025 /ai

Sergio Artimenia CEO at Geomotiv

Debt-Fueled Crypto Buying: How Loss-Making Public Companies Inflate Their Market Value

A growing number of loss-making public companies — from biotech firms to gold miners, hotel operators, EV manufacturers, and even vape producers — are tapping debt markets to acquire cryptocurrency, hoping the move will boost their share prices. According to Financial Times, around 154 publicly listed companies have either raised or committed to r...

14 August 2025 /wealth /crypto

Nick Levy Partner - Financial Services at IBM Consulting

Critical Third Parties: The Key to Operational Resilience in UK Banking

Ensuring Operational Resilience: UK’s New Critical Third-Party Regulations Explained This week marked a pivotal moment in the ongoing efforts to enhance operational resilience across the UK financial services sector. Regulators unveiled new rules targeting “critical third-party” providers, with the aim of safeguarding the industry's ability to wit...

14 November 2024 /regulation /retail

John Bertrand MD at Tec 8 Limited

Future of Payment Review – six-months on – APP Fraud

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transf...

18 April 2024 /payments /crime

Antony Fung Marketing Manager at CJC

DORA – Navigating the EU’s Operational Resilience Landscape

DORA – Bolstering and Harmonising Operational Resilience Across the EU. See full article at https://cjcit.com/insight/dora-navigating-the-eus-operational-resilience-landscape/ The EU’s DORA is inevitable and will have rippling effects beyond the union. It supersedes previous industry-specific operational resilience guidelines and overcomes nationa...

10 April 2024 /security /regulation

Stan Cowan 

How to Safely Onboard New Businesses and Employees for Payroll Services

Automating Know Your Customer (KYC) and Know Your Business (KYB) checks are vital for payroll service companies. In the fast-paced, ever-evolving world of finance, the role of payroll service companies is more vital than ever. However, with this pivotal role comes the increased responsibility and risk of managing sensitive data. Automating Know You...

07 June 2023 /wholesale /crime