This is the first in a series of articles that help capital market boards and executives better understand the Risk and Controls self-assessment process (RCSA).
What is it?
An RCSA is undertaken by ‘the business’ (first line of defence) with support and oversight from the risk management function (second line of defence).
The quality and integrity of the RCSA is one of the main points of concern for Internal Audit (third line of defence) as they seek to provide assurance to the board and executive team, and oversight committees that the firm’s risk profile is within risk appetite boundaries.
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.