Risk Management Association of India

The role of the Chief Risk Officer (CRO) in the Gulf Cooperation Council (GCC) banking sector is undergoing significant transformation as financial institutions face increasingly complex risks, technological disruption and changing regulatory expectations. Traditionally focused on credit, market and operational Read More ... The post The Chief Risk Officer Role in GCC Banking Sector Is Being Resh…

The rapid adoption of artificial intelligence (AI) technologies is creating new cyber liability challenges for organisations, with emerging risks developing faster than many existing insurance policies and risk management frameworks can address. As businesses increasingly integrate AI into operations, concerns Read More ... The post AI Cyber Liability Risk Is Outpacing Existing Insurance Coverage…

Artificial intelligence (AI) is increasingly transforming the risk management function by enabling organisations to identify threats earlier, analyse complex data patterns and make more informed decisions. As risks become more interconnected and dynamic, AI-powered tools are helping risk professionals move Read More ... The post AI in Risk Management: Practical Applications and Key Considerations…

Malaysia’s Personal Data Protection Commissioner (PDPC) has issued three new guidelines aimed at strengthening how organisations identify, assess and manage risks arising from the processing of personal data. The guidance covers Data Protection Impact Assessments (DPIA), Data Protection by Design Read More ... The post Malaysia Issues Three New Data Protection Risk Management Guides first appeare…

Commercial banks can strengthen credit decision-making by connecting credit monitoring, risk measurement, stress testing and problem-loan recovery within a single end-to-end workflow, according to an April 28, 2026 case study from S&P Global Market Intelligence. The analysis argues that fragmented Read More ... The post S&P Global Outlines Four-Pillar Model for Modernising Credit Risk Management …

A bank’s reputation is built over decades and can unravel in weeks once a governance failure comes to light. Time and again, the same underlying pattern repeats itself, weak internal controls, inadequate board oversight, misaligned incentives, and a culture where Read More ... The post Top 10 Governance Failures That Destroyed Bank Reputations first appeared on Risk Management Association of Indi…

Artificial intelligence is moving deeper into the global asset and wealth management industry, with major investment firms deploying AI for portfolio analysis, investment research, personalised advice, risk management and operational automation. A U.S. News review highlighted seven major investment firms Read More ... The post Leading Investment Firms Expand AI Use in Asset Management first appea…

Organisations worldwide are facing a widening gap between growing supply chain risks and their ability to anticipate and respond effectively, according to a new study from Avetta. The findings indicate that fragmented risk systems, limited real-time visibility and reactive processes Read More ... The post Supply Chain Risk Rising Faster Than Organisational Readiness: Study first appeared on Risk …

Inside most banks, compliance risk and regulatory risk are spoken about almost interchangeably, often sitting under the same team, the same policy document, and the same quarterly report to the board. This is a costly simplification. Compliance risk vs regulatory Read More ... The post Compliance Risk vs Regulatory Risk: Why Banks Need to Manage Both Differently first appeared on Risk Management …

European banks are increasing investment in risk management, compliance and artificial intelligence as competitive pressure from fintechs and non-bank lenders intensifies, according to new research from Moody’s. The study found that 61% of European banks regard growing competition from new Read More ... The post European Banks Step Up Risk, Compliance and AI Investment first appeared on Risk Mana…

K2 GRC has launched a new FAIR-based Risk Service designed to help organisations quantify cyber risk in financial terms and strengthen business decision-making. Built on the Open FAIR methodology, the new service extends K2 GRC’s integrated governance, risk, compliance, training Read More ... The post K2 GRC Launches FAIR-Based Cyber Risk Service first appeared on Risk Management Association of I…

Aon has launched an AI Risk Diagnostic, an enterprise-level assessment designed to help organisations evaluate and manage risks arising from the growing use of artificial intelligence across business operations. The solution provides organisations with a structured assessment of their AI Read More ... The post Aon Launches AI Risk Diagnostic for Enterprises first appeared on Risk Management Assoc…

The Reserve Bank of India’s Fraud Risk Management Directions, 2026 significantly strengthen the responsibilities of commercial banks, including Small Finance Banks, across the complete fraud risk lifecycle, from early detection through classification, reporting, and post fraud credit decisions. For risk, Read More ... The post RBI Fraud Risk Management Directions 2026: 7 Timelines Banks Must Trac…

Few corporate case studies capture the full scope of operational risk, governance failure, and safety culture breakdown as completely as the Boeing 737 MAX crisis. Two fatal crashes, the Lion Air flight in October 2018 and the Ethiopian Airlines flight Read More ... The post Case Study: Boeing 737 MAX, Safety Culture and Board Oversight Failure first appeared on Risk Management Association of Ind…

Vigilance in banking is often associated with investigations, disciplinary proceedings and action taken after misconduct has been detected. Its more important role, however, is preventive. An effective vigilance framework should identify vulnerable processes, unusual employee behaviour, control overrides and suspicious Read More ... The post When Controls Fail: Vigilance Lessons from the Punjab N…

The banking industry is witnessing one of the most significant transformations in credit risk management with the transition from the traditional incurred loss model to the Expected Credit Loss (ECL) framework. Unlike earlier provisioning approaches, which recognised losses only after Read More ... The post Expected Credit Loss (ECL): Latest trends and developments reshaping Credit Risk Managemen…

Kenyan banks are increasingly deploying artificial intelligence and alternative data in credit risk management as the sector confronts elevated levels of non-performing loans and seeks more accurate ways to assess borrowers. According to the Kenya Bankers Association, lenders are integrating Read More ... The post Kenyan Banks Turn to AI to Tackle Bad Loans first appeared on Risk Management Assoc…

The Federal Deposit Insurance Corporation (FDIC) is working with banking and fintech industry groups to create an independent standard-setting organisation aimed at improving how banks assess fintech companies and other third-party service providers. Under a draft term sheet dated July Read More ... The post FDIC Plans Standards Body for Bank-Fintech Partners first appeared on Risk Management Ass…

JPMorgan Chase CEO Jamie Dimon is leading a new cross-industry effort aimed at helping banks and other critical infrastructure companies develop a coordinated approach to managing risks arising from the rapid adoption of artificial intelligence. The initiative is being developed Read More ... The post Jamie Dimon Leads Cross-Industry Push on AI Risks first appeared on Risk Management Association …

Absa Bank has modernised its credit risk management operations by deploying SAS Viya on Amazon Web Services (AWS), significantly accelerating regulatory reporting, model deployment and credit risk monitoring across its retail banking business. The new platform has reduced credit risk Read More ... The post Absa Modernises Credit Risk with AI and AWS first appeared on Risk Management Association o…