IOR releases second installment of risk management guidance
The Institute of Operational Risk (IOR) has published the second sound practice guidance paper in its new series on the topic of Risk Control Self Assessment.
Designed to provide advice on the implementation of the techniques that support a robust risk management framework the guidance papers focus on the practicalities, rather than the theory, of application.
The IOR said Risk Control Self Assessment (RCSA) should form an integral element of an organisation's overall operational risk management and control framework. It added that the assessment provided an excellent opportunity for a firm to integrate and co-ordinate its risk identification and risk
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