Article ID: 818d1e34f252cf52b4c35abecf4bad97c1dcb5380b2c43a001f8509d48e71ebc
Source ID: regulatory:risk.net
Published At: -
Extraction Method: trafilatura
URL: https://www.risk.net/benchmarking/operational-risk
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Operational Risk | Benchmarking Operational risk Banks insure against cyber risk, but rarely claim Risk Benchmarking study finds big banks aggressively negotiating on cost of cover, and seeking offsets to Pillar 2 capital Four in five banks use AI to manage op risks Risk Benchmarking: Cyber risk use cases growing; governance and ROI doubts give some pause Build, or buy: banks still don’t love their GRC vendors Risk Benchmarking study finds a record number of firms reviewing tech provision for top op risks, amid touted wave of AI-led self-builds AI use fastest-growing area of op risk regulatory scrutiny Risk Benchmarking study finds EU AI Act the dominant driver of nascent bank risk frameworks, even well beyond Europe’s borders Explore the data Bot's job? 81% of banks are using AI tools or techniques to support at least one operational risk area, according to Risk.net’s 2026 Op Risk Benchmarking. Adoption is strongest in cyber-related areas: information security shows 28% of banks using AI in production and 43% in pilots or limited use cases. Larger banks are furthest ahead: all 14 G‑Sibs answering said they use AI for infosec, and all but one reported use for IT disruption. One North American G‑Sib said it had “over 1,000” AI applications reviewed and deployed. On cyber risk, tech debt is big banks’ top challenge Risk Benchmarking: Fragmented stacks make identifying vulnerabilities harder; manual workarounds increase human errors Half of banks use scenarios to set third-party Pillar 2 capital Risk Benchmarking study finds resilience risk less widely covered than cyber and IT disruption, but more formalised where scenarios exist Second line seeks to stamp its authority on AI risk Risk Benchmarking study finds fragmented accountability for AI risk among banks, and most are short of controls to contain it Op Risk Benchmarking 2026: explore the data View interactive charts from Risk.net’s 61-bank study, covering risk appetite breaches, controls, scenario analysis, GRC tech and regulation Appetite breaches climb for top op risks Risk Benchmarking: Low tolerance and heightened threat environment combine to test banks’ limits for cyber, resilience, third-party risk Op Risk Benchmarking: Banks seek a home for AI risk Risk.net’s 2026 study sees record participation and collective unease, as banks race to incorporate AI into op risk frameworks Banks curb frequency of GRC vendor reviews Data shows drop in plans to pitch or switch vendors, amid tighter third-party rules – but TPRM bucks the trend In more than 90% of banks, second line tackles cyber risk But some regulators would still like to see more 2 LoD risk staffing for infosec and IT disruption Almost all banks mandate cyber security training And unlike other risks, information security coaching moves the internal confidence dial Regional banks favour scenario analysis over op risk modelling Domestic and smaller regional players favour scenarios to gauge tail exposure; G-Sibs stick to modelling, for now Regulators zero in on third-party risk, resilience In latest survey, 35% of banks say watchdogs have “significantly increased” focus on third-party risk, with reports of arduous inspections and growing resource strain More than one-quarter of banks overhaul third-party KRIs Op Risk Benchmarking data shows more flux – and less confidence – in indicators tracking vendors versus other risks Ninety-one per cent of banks have specialist teams for resilience risk Latest survey shows regulatory pressure is driving broader framing of resilience, beyond IT and cyber More than half of banks manage change as an operational risk Others are moving to incorporate it into risk taxonomies, although some now treat it as a cause, citing supervisory guidance Risk appetite breaches test development banks MDBs also more likely to change services or strategy to reduce risk exposure, survey shows Algos shrugged: AI uptake still lagging in bank op risk Risk managers acknowledge transformative potential of artificial intelligence – most, from a safe distance
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