With today's ever more stringent regulatory pressures and the increasing need for sustainable environments the raft of existing and emerging compliance issues demand ever increasing attention. Firms are also increasingly under pressure to better manage their operational risks to stem losses, calculate capital allocation or in response to regulatory requirements, such as Basel II, Solvency II, Sarbanes-Oxley, MiFID, TCF, COBIT, ISO27001 / ISO 27002 and AML.
Equally, the protection of shareholder value against risk requires boards and senior management to focus on their corporate governance activities. There is increasing recognition that effective enterprise risk management serves both to protect and enhance shareholder value.
Optial can be configured to support differing risk management methodologies on the same code base, it provides institutions with a customised application to support their own choice of how best to manage operational risk.
Optial's Basel II software provides multiple components for streamlining the identification, assessment, monitoring and management of operational risks, including:
Organisations will inherently from a robust 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.