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Operational risk
Key risk indicator
KRI
In French : Indicateur clé de risque
A metric that signals a change in exposure to a risk, ideally before a loss materialises.
Source : BCBS PSMOR, principe 6
Related terms
Risk and control self-assessment
An exercise in which frontline staff identify their risks, assess control effectiveness and determine residual risk.
Risk appetite
The level and nature of risk the organisation is willing to take to achieve its objectives. To be usable it is expressed in thresholds, not adjectives.