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

For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: https://analystprep.com/shop/unlimited-package-for-frm-part-i-part-ii/

*AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams*

After completing this reading you should be able to:
- Explain the Basel regulatory expectations for the governance of an operational risk management framework.
- Describe and compare the roles of different committees and the board of directors in operational risk governance.
- Describe the "three lines of defense" model for operational risk governance and compare roles and responsibilities for each line of defense.
- Explain best practices and regulatory expectations for the development of a risk appetite for operational risk and for a strong risk culture.
Be the first to comment