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The Operational Risk Handbook for Financial Companies: A guide to the new world of performance-oriented operational risk by Brian Barnier

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1.10. Watch for Warnings

Figure 13

“The biggest problem I see is the lack of support systems to understand the early warnings of the condition of the institution. We need information that is timely enough to enable us to act to avoid problems and take advantage of opportunities. Periodic reports don’t fix problems; they don’t provide performance to shareholders.”

— Humphrey Polanen

Watching the right things to reduce risk to objectives

Our focus is on achieving business performance objectives. We want to reduce the risk to outcomes. To this point in part 1 we have evaluated the ‘what’ (environment and enterprise capabilities) ...

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