RMA announces KRI monitoring service

Daily news headlines

The Risk Management Association’s Key Risk Indicator (KRI) library has launched a new service that allows subscribers to define their own KRIs and include them in the library for the benefit of other users.

The new KRI monitoring service will allow library users to configure their own KRIs and store them in the virtual repository, in addition to selecting KRIs from the existing library.

Subscribers will be able to select either public KRIs or their own private KRIs from the library and define thresholds and reporting triggers for them. Thereafter, subscribers can collect KRI data from across the organisation.

Data can be entered manually or imported from spreadsheets or through published interfaces, with workflow and authorisation. When an indicator’s threshold is breached the system will automatically notify management, based on defined escalation triggers.

The library, which has 75 subscriber institutions and a database of over 2,500 KRIs, is currently in the midst of a benchmarking process that will eventually allow banks to look at the risk indicator experience of peer institutions and gauge whether their own data is falling within market-wide norms.

The first stage of the benchmarking process is expected to be completed by the first quarter of 2008.

  • LinkedIn  
  • Save this article
  • Print this page  

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

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: