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IOR Admin wrote a new post 10 years, 2 months ago
Please visit our Sound Practice Guidance page: a revised Guidance for Risk and Control Self Assessment (RCSA) has been posted.
RCSA forms an integral element of the overall operational risk framework, as it provides an excellent opportunity for a firm to integrate and co-ordinate its risk identification and risk management efforts and generally to improve the understanding, control and oversight of its operational risks.
RCSA provides a systematic means of identifying control gaps that threaten the achievement of defined business or process objectives and monitoring what management is actually doing to close these gaps. It is therefore an integral component of good operational risk management.
The findings from a RCSA can be used to formulate appropriate action plans to address identified control gaps, taking into account risk-reward (cost-benefit) considerations, with progress against these plans monitored as part of the overall operational risk management approach. In this respect RCSA promotes analysis and monitoring of factors that affect the level of operational risk exposure.
A further driving force behind the growth and emergence of RCSA is that it acts as a complementary audit and management tool, and is a generally accepted means by which to satisfy corporate governance and regulatory requirements.
Visit the Sound Practice Guidance page or go straight to the revised Guidance for Risk and Control Self Assessment.
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IOR Admin wrote a new post 10 years, 2 months ago
The latest newsletter from the Institute of Operational Risk is now available to download. Highlights include:
Announcement of our latest corporate member
Notification of a special event promoting our Sound -
IOR Admin added the event Reputational Risk Forum 10 years, 3 months ago
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IOR Admin added the event 7th IOR Operational Risk Quant Workshop 10 years, 3 months ago
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IOR Admin wrote a new post 10 years, 7 months ago
We are delighted to announce that an IOR Special General Meeting and Dinner will be held on Wednesday 4th June 2014 at Minster Exchange, Minster Pavement, Mincing Lane, London EC3R.The business of the Special
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IOR Admin added the event Risk and Incentives 10 years, 8 months ago
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IOR Admin added the event Conduct Risk – A Year Further On …. 10 years, 8 months ago
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IOR Admin added the event IOR Breakfast Seminar – Effective KRIs 10 years, 8 months ago
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IOR Admin wrote a new post 10 years, 8 months ago
The latest newsletter from the Institute of Operational Risk is now available to download.
Welcome to the first edition of the Newsletter of the Dutch Chapter of the Institute of Operational Risk. This
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IOR Admin added the event Operational Risk Appetite 10 years, 10 months ago
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IOR Admin added the event Dutch Chapter Operational Risk Event 10 years, 10 months ago
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IOR Admin added the event IOR OpRisk Quant-Workshop 11 years ago
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IOR Admin wrote a new post 11 years ago
The latest newsletter from the Institute of Operational Risk is now available to download. Highlights include a summary of the recent IOR Annual General Meeting, notification of the launch of our new Sound
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IOR Admin added the event IIR’s 15th Annual Risk Management Congress 11 years ago
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IOR Admin added the event IOR OpRisk Quant-Workshop 11 years ago
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