Risk Content Services
Risk
Business offers industry leading integrated classification structures, embodied in a set of defined
risk taxonomies. This content has been carefully formulated, in terms of both substance and granularity,
to build intuitive support within the business community, thereby facilitating the successful adoption and
support of risk programmes. The Risk Content Services also provide a common basis of language, enabling the
integration of essential risk partnerships—in particular, among a firm's audit, risk, governance and compliance
functions, to name an important few. Our taxonomy library includes risk and control categories, causal types,
business functions/ processes, products groups, and risk metrics.
RiskBusiness Taxonomy Service
This Service comprises an online encyclopaedia of standard, risk-related classification structures that users
may browse, customise, map to internal models, map to existing industry models (Basel II, etc.), or apply in
building/enhancing integrated risk management programmes. Subscribers to the Taxonomy Service obtain the combined
benefits of effective data classification, linkage to existing internal risk models, and linkage to industry
standard models. Subscriptions may be obtained directly through Risk
Business, or indirectly through a number
of licensed solution providers.
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KRI Library
This Service comprises a library of specific operational risk indicators, cross-linked to risk categories and
business functions. Produced with broad industry participation, this library provides guidance on where and how
each indicator may be used in practice, as well as on the specific risk exposures that each indicator is intended
to highlight. All indicators are mapped to business activities at industry, business-line and product levels.
Subscribers may add additional, proprietary indicators for use alongside those defined in the library set.
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Scenario Library
The Library contains an extensive set of sample scenarios, created from one or more scenario event types.
Subscribers may select scenarios they wish to use, customise them as desired, and create their own scenarios or
scenario events.
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For additional information on Risk
Business' Content Services, please click
[here] to contact a Risk
Business representative, click
[here] to make an online enquiry, or email us on
info@riskbusiness.com.
