Mastering Operational Risk, 2nd Edition

8

Reporting

Why reporting matters

Common issues

Basic principles

Report definition

Reporting styles and techniques

Dashboard reporting

Summary

WHY REPORTING MATTERS

Looking at Figure 8.1, it is clear that there is little value in carrying out the processes in your operational risk framework without good reporting. Informed decision making flows from good operational risk reporting. Without it, poor decisions are far more likely or, even worse, result in no decision making at all. It can be only too easy to drown in operational risk data, and so be unable to produce information and reports which support effective action plans to improve or protect your operational risk profile.

Good operational risk reporting is more difficult than it looks. ...