KRIs – How To Get The Right Risk Indicators

Key Risk Indicators (KRIs), also known as key control indicators or key performance indicators, are an important part of operational risk management (ORM). KRIs act as a useful measure of how well controls are performing, how closely processes are being followed, and whether a control environment is stressed. Despite their importance to ORM, indicators are not always well-used and can even be implemented in a fashion that is detrimental to effective risk management. To use KRIs to manage

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