Risk and reporting
20 January 2015
Using reporting channels and pilot implementation to mitigate third party risk
One of the fundamental benefits of implementing a governance framework is that it allows senior management, risk executives and operational managers to identify where risk lies within the organisation’s third party service providers. By developing a solid foundation of clearly defined reporting, organisations can go ‘on the offensive’ when dealing with third-party risk issues; acting in a structured and responsive manner, before risk event impacts are realised.
Types of risk reporting
The...
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