pulinco

Operational Risk Management

Keeping Excel lists is not enough to meet the requirements of Basel II in relation to transparency and reporting. Only those who consider operational risks from a holistic view of the company can achieve a significant and sustainable mitigation of those risks.

The interdependencies between sets of regulations, risks, strategy and objectives on the one hand and the action taken, such as process improvements and structural adjustments, on the other must be transparent for all those responsible:

• What damaging event has what impact at what point in the value chain?
• In what cases can the performance to the customer no longer be guaranteed?
• How great is the likelihood of a damaging event and how critical would the impact of any such event be?
• Where would the greatest potential damage occur and at what points in the causal chain would it be most efficient to invest in countermeasures?

With the network approach of TopEase you can obtain comprehensive and sustainable answers to these questions.
 
TopEase XBench supports not only the identification of risks, but also their management. The risk reports, which can be downloaded at any time, serve to document the risk assessment status and show what action has been taken. They thus become an indispensable tool for risk management