'Have your cake and eat it': efficient op risk reporting
Reporting risk information to management means synthesising some information, but drawing attention to what matters, such as high risks or worrisome alerts. For risk managers struggling to find the right flavour, cakes and candles can help, writes Ariane Chapelle
Management reporting is challenging. Risk reporting is worse. In these matters, the balance between too much and too little is hard to find. Too much, and risk committee documents approach 200 pages that no-one will read. Too little, and information gets summarised so much that it becomes meaningless. In both cases, important insights are hidden either in the mass of documents, or in aggregated
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