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Image & Branding

Risk Inventory

Risk Inventory is a “fourth” dimension of risk that provides insight into embedded elements of risk that are not specifically covered by a Key Risk Indicator. Subtle risks are inventoried in this way so that they can be studied orthographically. What does that mean? Orthographic representations of risk are from made from the front view (Subjects), the top view (Silos), the end view (COSO), and, from the inside out ( which is ‘Risk Inventory’). Examples of risk inventory are Product Development Risk, Customer Relations Risk, Training & Backup Risk and Denial of Service Risk.


Corporate Governance & Ethics

Use Case for Assessing Corporate Governance & Ethics Risk
Why assess the risk? Given the important financial intermediation role of banks in the economy, the public and the market have a high degree of sensitivity to any difficulties potentially arising from any corporate governance shortcomings in banks. Poor corporate governance can contribute to a bank’s failure and can lead to markets losing confidence in the ability of the bank to properly manage its assets and liabilities, including deposits, which could in turn trigger a bank run or a liquidity crisis. In addition to its responsibilities to shareholders, the bank also has a responsibility to its depositors and to other recognized stakeholders. The presence of an effective corporate governance system helps to provide a degree of confidence that is necessary for the proper functioning of a community bank.

Who should assess the risks? Board Chairperson, Board Members, Chief Executive Officer / President, Legal Counsel
How to assess the risk: Rate the KRIs to determine if a threat would successfully exploit a vulnerability and to justify expenditures to implement countermeasures to protect the bank’s assets or reputation.
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