Blog / Operational risk (4)

When implementing risk control measures, it is important to identify the points and processes of the financial transaction and then relate them according to the type of IT risk management framework used for the Global Risk Assessment (GRA). One of …

In this article, we explain the different approaches to measuring operational risk in an organization. See what they are! According to the Basel Committee, there are three ways to measure operational risk: the basic indicator approach (BIA), the standard approach …

Managers often use an Excel file to manage risk. While these types of tools are easy to use, they also have several limitations. Learn what these limitations are. A probability and consequence matrix, also known as a control matrix or …

A strong risk culture is the key to aligning all fronts of a company according to its strategic objectives. In the business world, changes occur at a dizzying rate. These dynamic and unpredictable movements produce sudden and unexpected consequences. Indeed, …

We have already explained how to identify and rate risks according to the established scales. Now we will show you how to assess them using a control matrix. 1. We have said that in order to design a control matrix …

In a previous article, we discussed how to identify risk by designing a control matrix. The identification of the risks is followed by their rating and assessment. To do so, there are also several approaches that aim to find a …