Operational Risk NewsLatest news articles on the subject of Operational Risk, Sarbanes-Oxley and Basel II. m-Bryonic Solutions Limited provide solutions for managing process efficiency and operational risk.Online Payment Fraud Accounted for 1.8% of Total Sales- June 28, 2005 Merchant losses from online payment fraud, which amounted to $2.6 billion in 2004, still accounted for just 1.8% of total sales.http://www.garp.com/risknews/newsfeed.asp?Category=19&MyFile=2005-06-28-11065.html G10 central bank governors and heads of supervision endorse the publication of the revised capital framework- June 26, 2005 Central bank governors and the heads of bank supervisory authorities in the Group of Ten (G10) countries met today and endorsed the publication of the International Convergence of Capital Measurement and Capital Standards: a Revised Framework, the new capital adequacy framework commonly known as Basel II.http://www.bis.org/press/p040626.htm Hong Kong to Mitigate Risk of Bank Fraud- June 24, 2005 Banks in Hong Kong are launching a two-stage authentication process for customers conducting internet transactions in an effort to minimize the risk of internet banking fraud.http://www.garp.com/risknews/newsfeed.asp?Category=21&MyFile=2005-06-24-11054.html Companies Need to Standardize Policies and Procedures Documentation- June 8, 2005 Companies feel the areas most critically affected by policy and procedure documentation are compliance, quality and customer service, performance, security and risk.http://www.garp.com/risknews/newsfeed.asp?Category=19&MyFile=2005-06-08-10951.html |