As far as we are concerned, the answer to both of these questions is YES, so let’s explain why, starting by defining what we mean by each of these different indicators.
Read MoreThe Institute of Operational Risk has published a Key Risk Indicators Sound Practice Guidance paper
The Institute of Operational Risk has published a Key Risk Indicators Sound Practice Guidance paper to address the lack of written support on the effective application of this important tool.
This Guidance paper covers the whole of the Key Risk Indicators (KRI) process from their selection to their use in risk reporting and assessments. Download the Guidance paper here.
