Operational Risk ICAAP Governance & Coordination Practice Benchmark

Benchmark - Jan 2020

To help financial institutions with coordinating and governing the exercise, and in response to interest from our membership, we conducted a Practice Benchmark study on the governance and coordination of the operational risk ICAAP. This study was conducted following our exploration into ICAAP methodologies.

About ORX Practice Benchmarks

Individual benchmark report

ORX Practice Benchmarks evaluate the maturity of an institution’s risk management practices, and compare it to that of other participating institutions using a “three stages of development” model. Participating institutions self-assess themselves against each maturity description and then receive a customised benchmark report, showing their level of maturity against the other participants.

Trends report

As well as the individual benchmarks, we also produce a report that gives you a picture of overall industry practice. This report is available to all ORX members to download.