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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

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Empowering Strategic Decision-Making with Real-Time Risk Dashboards

LogisManager

Empowering Strategic Decision-Making with Real-Time Risk Dashboards Published: December 12, 2023 In LogicManager’s latest product update release, powerful new in-app visualizations enable real-time data analysis, fostering informed decision-making and proactive risk strategies for strong corporate governance.

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article thumbnail

Empowering Strategic Decision-Making with Real-Time Risk Dashboards

LogisManager

Empowering Strategic Decision-Making with Real-Time Risk Dashboards Published: December 12, 2023 In LogicManager’s latest product update release, powerful new in-app visualizations enable real-time data analysis, fostering informed decision-making and proactive risk strategies for strong corporate governance.

article thumbnail

What is the Three Lines of Defense Approach to Risk Management?

LogisManager

The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

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Strategic Risk Management

LogisManager

Conversely, tactical risks, also known as operational risks, are more immediate, arising from the day-to-day execution of activities within the existing strategic framework. It involves identifying, evaluating, and mitigating risks to enhance decision-making and safeguard long-term objectives. What Is Enterprise Risk Management (ERM)?

Strategic 105
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How to Report On ESG

LogisManager

This applies especially to your Environmental, Social and Corporate Governance (ESG) program: you may be working in accordance with ESG best practices, standards and frameworks, but you must report on your ESG activities to prove to third-party stakeholders like investors and customers that you’re doing what you’re saying you’re doing. .

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Strategic Risk Management

LogisManager

Conversely, tactical risks, also known as operational risks, are more immediate, arising from the day-to-day execution of activities within the existing strategic framework. It involves identifying, evaluating, and mitigating risks to enhance decision-making and safeguard long-term objectives. What Is Enterprise Risk Management (ERM)?