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Operational Risk Management & Compliance |
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Operational risk is a key driver
in the Basel Capital Accord (Basel II), backed up by the EU Commission and
the national regulators. In addition, UK Corporate Governance requirements place
specific duties on directors to address operational risk issues. The new Basel Accord will be
implemented in the Europe Union via the Capital Requirements Directive (CRD)
from 2007 onwards. Lexington's goal is to assist firms to
become fully compliant as well as delivering the benefits of reduced capital
charge where appropriate. We believe that effective control in the area of
operational risk will deliver competitive advantage and positively enhance
your business rather than proving to be a regulatory burden. We aim provides
a comprehensive solution to assist clients in all stages of your operational
risk planning and implementation. ·
The Regulatory Document Portal - The RDP - providing a single window
onto published Basel II and other regulatory documentation. The Portal is
accessible via a standard internet browser and contains a continually updated
and comprehensive list of documentation emanating from specific regulatory and other sites,
within a user-driven document management framework ·
We have established our own ORM Practice to provide in depth
consulting support to clients, on a training, assignment or workshop basis.
Our consultants have
experience working as interim risk partners within large financial services
institutions in the UK. They apply deep understanding of how to bridge the
gap between technology and the business and between risk experts and the
business and IT communities. We can help you with any of the following: the
population of a risk database; creation of an accepted glossary of terms;
design and roll-out of an accreditation programme; staff training in risk
awareness; facilitation of risk identification and assessment workshops;
working with the business to create controls to mitigate any risks identified. ·
In conjunction with our partners Optial, we offer a comprehensive range of turnkey and customized solutions to help
manage your specific compliance and risk management processes more
effectively. Optial's Basel
II software provides multiple components for streamlining the identification,
assessment, monitoring and management of operational risks, including: ·
Comprehensive Risk
Management Self Assessment framework ·
Key Risk Indicators
(KRI) ·
Loss Database ·
Internal Incident
Management ·
Corporate Risk Dashboard
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Also see:
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© Lexington Systems Limited 2006 |
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