- RiskSpotlight is a valuable tool to foster a risk-aware culture within our organization. Articles and medium-scale studies have proven to be of a great interest to our OpRisk correspondents. The Portal is presented in a user friendly manner and all information can be viewed through a number of dimensions (risk category, location/region, emerging topics/loss events, etc) which makes it truly easy to be used regularly.
- Understanding and responding to the risk landscape beyond our own organisation is a key pillar of our risk management framework. RiskSpotlight provides us with a central repository of up-to-date information on external operational risk events, emerging risk trends as well as directly actionable insight such as scenarios that we make use of as part of resilience and capital planning. The portal is used by risk colleagues across all lines of defence and is empowering them to support our business teams in safely achieving their strategic objectives.
- The RiskSpotlight Portal allows us to benchmark our internal operational risk models against real-world events, incidents, and scenarios, ensuring our risk-based capital calculations are more comprehensive.
We analyse the external information published by RiskSpotlight to identify emerging trends and risks that may not be apparent from internal data alone, enhancing our preparedness.
This external perspective enables us to refine our regulatory capital strategies, ensuring they are aligned with the broader industry challenges and developments.
- In a very busy working schedule, RiskSpotlight Portal is a good tool to stop for a few minutes and navigate through various risk topics and keep abreast.
The ‘News Articles’ tab is an excellent tool as it offers the opportunity to read articles on a vast range of topics populated in the portal by various sources.
By navigating through events that are reported by various institutions, the portal provides an opportunity for early deduction and assessments of potential incidents that can happen in our organization.
