board-of-directors

Learning objectives: Explain the Basel regulatory expectations for the governance of an operational risk management framework. Describe and compare the roles of different committees and the board of directors in operational risk governance. Describe the “three lines of defense” model for...

Learning objectives: Explain changes in corporate risk governance that occurred as a result of the 2007-2009 financial crisis. Compare and contrast best practices in corporate governance with those of risk management. Assess the role and responsibilities of the board of directors in risk...

Learning objectives: Describe the concept of a risk appetite framework (RAF), identify the elements of an RAF, and explain the benefits to a firm of having a well-developed RAF. Describe best practices for a firm’s Chief Risk Officer (CRO), Chief Executive Officer (CEO), and its board of...

Learning objectives: Describe the key elements of effective governance over stress testing. Describe the responsibilities of the board of directors and senior management in stress testing activities. Identify elements of clear and comprehensive policies, procedures, and documentations on stress...

Dear David Harper, CFA, FRM, CIPM ShaktiRathore I cam across an interesting question with a rather uninteresting answer. I am sure you could throw some light to it. Your Board of Directors wants a comprehensive review of each business units’ operational risk activities. As the head of the...