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Discuss the characteristics of good risk indicators

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Reference no: EM132659025

A large bank in South Africa identified more than 300 "key risk indicators" in its Corporate and Investing Banking Division. When the new operational risk manager reviewed the indicators, he found that no criteria existed to identify and classify indicators, indicators were duplicated and it took a significant time to record.

Using practical examples, discuss the characteristics of good risk indicators.

Reference no: EM132659025

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