IOR promotes development of KRIs in new guidance
Institute of Operational Risk says firms must use key risk indicators to assist decisions, not make them
The Institute of Operational Risk (IOR) has launched new guidance on the use of key risk indicators (KRIs) by institutions, as part of a series on sound practice.
The document takes the opportunity to examine and clarify issues its authors believe might be commonly causing confusion among financial institutions.
"One of the first things we did was look to see what material we could find in terms
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