PD-1.3.29
Past version: Effective from 01 Oct 2010 to 31 Mar 2011
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The following additional qualitative disclosures (to Paragraph PD-1.3.21) should be made for operational risk:
a) Policies to incorporate operational risk measures into the management framework — for example budgeting, target-setting, and performance review and compliance;
b) Policies and processes:
1. To help track loss events and potential exposures;
2. To report to these losses, indicators and scenarios on a regular basis; and
3. To review the reports jointly by risk and line managers; and
c) Policies on the loss mitigation process via contingency planning, business continuity planning, staff training and enhancement of internal controls, as well as business processes and infrastructures.
Amended October 2010
April 2008
April 2008