,RSK4801 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2025 – DUE July 2025;
100% correct solutions and explanations.
Operational Risk Management Report: Region Bank (2021)
Course Code: RSK4801
Student Name: [Insert Your Name]
Date: [Insert Date]
Question 1 (10 marks)
Discuss the benefits of a sound operational risk report
Introduction
Operational risk reports are essential for ensuring that a bank
operates within its strategic, ethical, and regulatory
frameworks. These reports not only identify and measure risks
but also communicate critical information to stakeholders to
inform decisions and promote risk resilience. Region Bank, in
the post-COVID-19 context, faced a highly volatile risk
environment, making a sound operational risk report more
vital than ever.
Discussion
The key benefits of a sound operational risk report include:
, 1. Informed Strategic Decisions
Accurate risk reports empower leadership to make
informed decisions, especially in times of uncertainty.
2. Compliance and Regulatory Assurance
These reports demonstrate the Bank's adherence to
regulatory requirements, reducing exposure to penalties.
3. Stakeholder Confidence
Transparent reporting builds trust among shareholders,
customers, regulators, and employees.
4. Risk Awareness and Culture
Promotes a proactive culture of identifying and managing
risks throughout the organisation.
5. Crisis Preparedness
Enables early detection of emerging risks such as
ransomware or ESG threats, facilitating timely
intervention.
6. Alignment with Risk Appetite
Ensures that business activities are carried out within the
Bank’s approved risk appetite.
7. Supports Internal Controls
Facilitates audits and control enhancements by
documenting risk trends and mitigation efforts.
ANSWERS) Semester 1 2025 – DUE July 2025;
100% correct solutions and explanations.
Operational Risk Management Report: Region Bank (2021)
Course Code: RSK4801
Student Name: [Insert Your Name]
Date: [Insert Date]
Question 1 (10 marks)
Discuss the benefits of a sound operational risk report
Introduction
Operational risk reports are essential for ensuring that a bank
operates within its strategic, ethical, and regulatory
frameworks. These reports not only identify and measure risks
but also communicate critical information to stakeholders to
inform decisions and promote risk resilience. Region Bank, in
the post-COVID-19 context, faced a highly volatile risk
environment, making a sound operational risk report more
vital than ever.
Discussion
The key benefits of a sound operational risk report include:
, 1. Informed Strategic Decisions
Accurate risk reports empower leadership to make
informed decisions, especially in times of uncertainty.
2. Compliance and Regulatory Assurance
These reports demonstrate the Bank's adherence to
regulatory requirements, reducing exposure to penalties.
3. Stakeholder Confidence
Transparent reporting builds trust among shareholders,
customers, regulators, and employees.
4. Risk Awareness and Culture
Promotes a proactive culture of identifying and managing
risks throughout the organisation.
5. Crisis Preparedness
Enables early detection of emerging risks such as
ransomware or ESG threats, facilitating timely
intervention.
6. Alignment with Risk Appetite
Ensures that business activities are carried out within the
Bank’s approved risk appetite.
7. Supports Internal Controls
Facilitates audits and control enhancements by
documenting risk trends and mitigation efforts.
