Preventive Key Risks Indicators
5 Pages Posted: 26 Jan 2013
Date Written: January 22, 2013
By addressing three of the most common debates surrounding indicators, this paper attempts to progress the reflection on KRIs for the financial industry. It insists on the identification of risk drivers prior to any effective risk management and suggests four types of metrics leading to preventive KRIs: failed KPIs, failed KRIs, cause of the cause and environment. It distinguishes indicators for transactional and monitoring phases and comments on design and governance of key risks indicators.
Keywords: risk, operational risk, risk management, key risk indicators
JEL Classification: D80, D81, D83, G20, G21, G24
Suggested Citation: Suggested Citation