KRIs under scrutiny at OpRisk Europe conference

London – Panellists debated the usefulness of key risk indicators (KRIs) at the OpRiskEurope 2005 conference held in London in mid-March. KRIs have become a very hot topic in the industry, as a result of the project that UK-based consulting firm RiskBusiness and the US-based trade organisation RMA are conducting in the area. But panellists had mixed reviews about the tools.

One angle of the debate on KRIs focused on the usefulness of aggregated KRI statistics. "The key risk indicators – if I can use a fighter pilot analogy – is really the heads up display," said Garth Hinton, director of operational risk for Europe, the Middle East and Africa (EMEA) at Citigroup in London. "That's where I'd like to see it. I'm not saying we are there yet, but it is very much about being able to sit back and say there are some things I can look at that have a perspective view of

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