Organizations cannot survive risks unless the management has an insight into the underlying or impending threats. An early warning system is indispensable for any business because it will identify new risks and keep track of the existing risk status. This allows the formulation of effective risk mitigation plans. Key risk indicators (KRIs) play an important…
The Significance, Benefits and Pitfalls of Key Risk Indicators
The definition of risk varies from one field to another. Finance, economics, business, engineering, insurance or project management, take any area, they have drawn their own contextual interpretation of risks. Let me ask you a question. What is risk to you? You will notice in your answer that Risks is that which produces an amalgamation…
We all know how things have changed for bankers, financers and consumers in just a couple of years. Besides, the digital age has steered banking and finance institutions to embrace cloud computing. Quite a few of the major organizations and start-up firms in the world are already running their services on cloud. I should say,…
- The Significance, Benefits and Pitfalls of Key Risk Indicators
- The Seven Operational Risk Event Types Projected by Basel II
- Overseas Businesses Endangered by Political Risks
- Reputational Risks Arising out of Social Media
- People + Processes = Efficient Operational Risk Management
- Stress Tests will stick around for Big-belly Banks
- Integrated Enterprise Risk Management Solution for Optimized Business Performance
- How to Perform Operational Risk Assessments?
- Are Risk Management Measurements and Metrics Important?
- Factors That Make Operational Risk Assessments Go Haywire
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