• Management Information System

    • OM-2.2.6

      The management information system of a banking organisation plays a key role in establishing and maintaining an effective operational risk management framework.

      October 07

    • OM-2.2.7

      'Communication flow' serves the purpose of establishing a consistent operational risk management culture across the bank. 'Reporting flow' enables:

      (a) Senior management to monitor the effectiveness of the risk management system for operational risk; and
      (b) The Board of Directors to oversee senior management performance.
      Amended: January 2012
      October 07