Business side must be challenged on risk reports, conference hears
RCSAs from the frontline could be peer-reviewed to give a better picture of real risks, says panel at OpRisk Europe
Risk self-assessments from frontline businesses should be challenged to ensure they reflect the true risk environment, delegates at OpRisk Europe in London heard today (June 11).
In a panel discussion on risk control self-assessments (RCSAs), participants recommended "peer review" and other ways to challenge the responses from the first line of defence.
Stephen Creese, head of operational risk
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