Dynamics of Operational Risk Management in Digital Arena Regulatory Panacea or Overkill?

11 Pages Posted: 25 Jun 2019

Date Written: April 11, 2019

Abstract

Measurement of Operational Risk can be quite burdensome task as there is a paucity of historical data. Added to this is the way technology is changing the landscape of overall business processes. In many jurisdiction, even regulators have issued guidelines and sanctions for compromised data privacy or cybersecurity incidents (eg GDPR). The paper further discusses the importance of AML and KYC guidelines and how emergence of FinTech companies would facilitate KYC compliance.

Keywords: Conduct risk, Data Governance, Anti-money laundering (AML)

JEL Classification: D80, D81, G30

Suggested Citation

Mishra, Rabi N., Dynamics of Operational Risk Management in Digital Arena Regulatory Panacea or Overkill? (April 11, 2019). Available at SSRN: https://ssrn.com/abstract=3407160 or http://dx.doi.org/10.2139/ssrn.3407160

Rabi N. Mishra (Contact Author)

Reserve Bank of India ( email )

Central Office, Shaheed Bhagat Singh Marg
Fort
Mumbai, 400001
India

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