Five reasons why Financial Services organisations need to be scoring their risk Whitepaper
Are you quantifying your non-financial risk?
In our latest whitepaper we look at the importance of quantifying and scoring compliance risk in financial services organisations.
In March 2021 the Basel Committee on Banking Supervision (BCBS), made revisions to its Principles for the Sound Management of Operational Risk.
First introduced in 2003, the principles have been revised to build upon the learnings of the global financial crisis in 2007. During a review of the Basel Principles, it was advised that several of these had not been adequately implemented and further guidance needed to be published.
The most significant of these was risk identification and assessment tools such as RCSA and other key risk indicators. Now a spotlight has been shone on the importance of being able to recognise and quantify the extent of risk for financial services organisations globally.
In this whitepaper, we outline the importance of operational risk scoring and how it could benefit your organisation’s ability to manage and mitigate non-financial risk.
Interested in learning the five reasons why you need to be scoring your risk? Download the full whitepaper via the form below.
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