Since Optial can be configured to
support differing risk management methodologies
on the same code base, it provides institutions
with a customized application to support their
own choice of how best to manage operational risk.
Optial's software provides multiple components
for streamlining the identification, assessment,
monitoring and management of operational risks for a variety of regulatory and compliance requirements such as Basel II, Solvency II, Sarbanes-Oxley, COBIT and ISO27001, including:
Ultimately the bottom line with operational risk
management for financial institutions is two-fold:
- Firstly, regulators will take into account
the operational risk management framework in
place when assessing operational risk related
capital requirements.
By setting into place a demonstrably robust and
effective framework, institutions will be subject to
a lower capital charge.
- Secondly, institutions will benefit inherently
from a framework which controls risk in an effective
and accountable way. Increasingly, being able
to demonstrate the proper management of operational
risk is essential not only for regulators but
for shareholder value.
If you would like further information on Optial please contact us at request@optial.com or telephone +44 (0) 207 247 7673.
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