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: [ Ссылка ]
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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.
