Tag Archive for operational risk

Costs of Operational Risk Mismanagement

Causes of Operational Risk The Basel Committee on Banking Supervision (BCBS) defines operational risk “as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk, but excludes…

Operational Risk: Key Risk Indicators (KRIs)

Key Risk Indicators Defined Key Risk Indicators (KRIs) are an important tool within risk management and are used to enhance the monitoring and mitigation of risks and facilitate risk reporting. Operational risk is defined as the risk of loss resulting…

Building an Operational Risk System

By: Causal Capital | Martin Davies There are stacks of operational risk reporting systems on the market however, in general many of these risk solutions are overpriced and unsophisticated programs. So, why not build your own operational risk reporting system?…