Key Risk Indicators – Their Role in Operational Risk Management and Measurement

@inproceedings{Davies2006KeyRI,
  title={Key Risk Indicators – Their Role in Operational Risk Management and Measurement},
  author={Jonathan F Davies and Mike Finlay and Tara McLenaghen and Duncan Wilson},
  year={2006}
}
In comparison with other operational risk management and measurement tools such as loss data (internal, public and consortium), risk-and-control assessments, capital allocation and performance measurement, key risk indicators (KRIs) remain one of the outstanding action items on most firms’ to-do lists, along with scenario analysis. KRIs are not new, but, up until recently, attempts to implement such programmes have often been characterised as less than effective. We believe that there are… CONTINUE READING