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 07OM-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