New KRI project kicked off by ABA
Washington, DC -- The American Bankers’ Association’s (ABA) new key risk indicators (KRIs) working group is hoping to use the members’ op risk loss data to identify and validate KRIs.
Anupam Sahay, head of the KRIs working group at ABA, and vice-president for risk management at Cleveland-based Key Bank, said in an interview: "KRIs are very important to op risk management because by tracking them, you can identify risk trends in both your business lines and at the corporate level. They are the leading indicators, which can warn you of the risks you face so that you can take
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