Risk Reporting (FRM Part 2 2023 – Book 3 – Operational Risk and Resilience – Chapter 6)

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After completing this reading you should be able to:
- Identify roles and responsibilities of different organizational committees and explain how risk reports should be developed for each committee or business function.
- Describe components of operational risk reports and explain best practices in operational risk reporting.
- Describe challenges to reporting operational risks, including characteristics of operational loss data, and explain ways to overcome these challenges.
- Explain best practices for reporting risk exposures to regulators and external stakeholders.