Firms seek to improve use of key risk indicators

KRIs are useful tools, say risk managers, but can also be a source of frustration

Risk indicator
Effective KRIs are forward-looking and 'preventative' rather than lagging

Many financial firms are trying to improve the way they use key risk indicators (KRIs), including by moving towards more predictive KRIs and trying to improve data availability, say practitioners. However, there remains a lot of work to be done.

"Just because you can think of some very interesting risk indicators, it doesn't mean your data will support it," says Niels Kaas, head of operational risk strategy, methodology and regulation at Nordea. "Or, if the data is available, the sourcing of it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: