A data categorization scheme allowing logical grouping of operational risk items. According to the Basel Committee, having a common taxonomy of operational risk terms can ensure consistency of risk identification, exposure rating and risk management objectives across all business units.

Popular resources

You may be interested in

New Generation Operational Risk Europe Summit 2023
Event
March 9, 2023

Join us at the New Generation Operational Risk Europe Summit

British Bank Awards 2023
News
2 mins reading time

Vote for us as RegTech Partner of the Year in the British Bank Awards 2023

Discover more