As has been noted above, different users have different needs and this is reflected in different types of risk reports. Figure 12.2 shows some of the different risk report types typically required by different categories of users. In addition, it shows the primary reports (which the user definitely requires) and the secondary reports (which the user may require for follow-up work).

The requirement of the board and the board risk committee is very straightforward and simply a dashboard showing the current position and a report showing the change in the risk profile from the previous period. This contrasts with the more complex requirements of the executive risk committee, the CRO and heads of business units and departments. ...

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