TransConstellation members Banksys, Euroclear, Fin-Force, SWIFT and The Bank of New York (Brussels office) in partnership with PricewaterhouseCoopers, releases today a new benchmarking tool to measure operational risk management (ORM) maturity levels.
The companies, all operating from Belgium, also provide a framework for precise actions to approach “best practice” ORM maturity levels.
This step-by-step roadmap will help companies develop an ORM framework and/or validate existing ORM business practices through practical benchmarking and gap analysis.
“With a novel set of ORM maturity benchmarking tools, we aim to address the void in providing companies in the financial sector with practical means of determining where they stand compared with established ORM industry standards,” says Ignace R. Combes, chairman of TransConstellation and deputy CEO of Euroclear.
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