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What are our “top risks”?
How often has an executive, or the risk committee or the board requested that the risk function present to them the “top risks” for the
From Loss Experience to Emerging Risk: Why Risk Teams Need a Wider Field of View
Operational risk teams are not short of information. In many cases, they are surrounded by it. Loss events, internal assessments, audit findings, control reviews, regulatory
What are “emerging risks”?
A commonly cited “emerging risk” is “climate change”, with risk functions advocating that the firm create policies around minimising the firm’s footprint on climate-sensitive areas,
Risk Without Benchmarking Is Just an Internal Opinion
Ever since operational risk, or as some prefer to call it, non-financial risk, was “created” through the consultative papers to what is commonly known as
What Happens When Your AI Model Goes Down?
Most firms have a plan for a data centre outage. They have plans for cyber incidents, supplier disruption, payment failures, cloud downtime, office closures and
