Sound Practices paper updated by Sigor
Long-awaited redrafted paper on Sound Practices for Operational Risk Management released for consultation by Sigor.
The Basel Committee on Banking Supervision's sub-group on operational risk (Sigor) has published the long awaited redrafted Sound Practice paper. The paper, Sound Practices for the Management and Supervision of Operational Risk, has been issued for consultation.
Sigor states that this updated version highlights the evolution of operational risk management since 2003 and is based on best industry
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