Risk Assessment
Relying on periodic risk control self-assessments (RCSA) can give firms an unrealistic view of their risks and controls. Peter Hill explains how the RCSA process can be modified to provide constant, up-to-date assessments of an organisation's risk profile and eliminate blind spots
The financial services industry is still recovering from the far-reaching aftershocks of the demise of venerable financial institutions that proved overexposed to risk. Against this backdrop, a number of financial institutions have been re-examining their risk and control processes to reduce potential financial loss and gain added visibility across all risk management operations.
Many firms assess
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