Base Block: Module 1
Risk Events
The Risk Event Module provides robust functionality for recording operational risk losses in compliance with Basel criteria and industry standards like ISO31000. It enables users to effectively record and analyse losses while ensuring adherence to regulatory reporting where applicable.
The purpose of the Risk Events module is to facilitate Management Information for proactive risk management.
This module features multiple classifications for Risk Event Categories as defined by Basel, with all taxonomies aligned to industry best practices and regulatory requirements.
Risk events can be analysed in multiple dimensions including over 100 risk types, controls, processes, products, etc., offering varying levels of granularity to suit diverse operational needs.
The module also facilitates compliance by recording regulatory breaches, fines, and losses directly within FinMio Risk, ensuring thorough and reliable reporting capabilities.
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