Key Risk Indicator project progressing
LONDON -- The Key Risk Indicator (KRI) project which the US-based Risk Management Association is conducing jointly with UK consultants RiskBusiness is continuing to make progress, says Mike Finlay, a principal at RiskBusiness.
The goal is to eventually create a common language for KRIs across the financial services industry. The project was launched in the second quarter of 2003 (see Operational Risk, August 2003, page 17). It finished its first stage, while launching its second stage, in late October 2003 (see Operational Risk, November 2003, page 14). Seven banks participated in the first stage of the programme
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