reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding … referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that …

Using supervisory operational loss data of the U.S. banking industry, we analyze correlations among operational losses …

This study documents the association between the quality of risk management practices and operational loss realizations … the strength of risk management practices prior to the 2008-2009 Financial Crisis has explanatory power over loss …