The Riskability Canon - Applying the EGRC principles to the Riskability doctrine -- ComplianceOnline (Risk Management Trai)
|Event Date/Time: Nov 17, 2010||End Date/Time: Nov 17, 2010|
Why Should You Attend:
The core significance of the EGRCM framework is to determine the appropriate response and the correlation between the established appetite and actions required, when the risk exceeds its tolerance. Determining the correct level of expertise needed to mitigate highly specialized risks is another advantage of the Riskability exercise.
Based on the quantification exercise, the board of directors should re-examine the organizations Riskability appetite and tolerances annually. Attend the webinar to understand how to determine
When to do nothing and accept the risk.
When to be self insured and accept the implications.
When to avoid the risk by eliminating the activity.
Can you outsource, share, or transfer the risk based on the use of derivatives, hedging, or insurance for financial risks.
How should third parties document their performance on operational risks.