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  • Management information system

    • OM-1.2.6

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

      (a) 'Communication flow' serves the purpose of establishing a consistent operational risk management culture across the bank.
      (b) 'Reporting flow' enables:
      1. senior management to monitor the effectiveness of the risk management system for operational risk; and
      2. the Board of Directors to oversee senior management performance.