| Observations on Developments in Risk Appetite Frameworks and IT Infrastructure |
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| Friday, 07 January 2011 | ||||||
| Senior Supervisors Group | ||||||
The attached paper outlines how financial institutions can develop and maintain state-of-the-art risk appetite and data aggregation capabilities. As global regulations increase, solid risk management IT infrastructure is essential. Though many firms have made progress, more improvements are needed. System fragmentation and manual processes can take weeks to calculate risk exposure and have a high rate of human error. Timely, accurate aggregations of risk data are of utmost importance to business decision makers to meet the needs of our dynamic and rapidly changing economic and regulatory environment. Read the full report attached below.
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