For many, once a risk register is defined, it often remains largely unchanged. Unfortunately, this can be a major mistake. Firms that operate in an environment of continuous turbulence should seek to actively build their risk registers based on events that occur within their firm or industry.
After any significant risk event, firms should conduct a root-cause analysis exercise to understand the event entirely, learn from it and embed the learning into the risk management process and firm-wide culture.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London.