Risk Exposure
What is Risk Exposure?
The degree to which an organization is vulnerable to a particular risk, typically measured by the potential loss and likelihood of occurrence.
Frameworks that govern risk exposure
What the standards actually require on risk exposure
Requirements naming risk exposure across 6 standards, quoted from the control text.
Insurers must disclose their material investment risk exposures and how they are managed.
iais-insurance-core-principles-icps::20.8 · 20.8 Material investment risk exposures and their management →Information need: the organization's exposure to information security risks. Measures: high and medium risks lying above the acceptable threshold, and whether high and medium risks are reviewed on time;
iso-iec-27004-2016::B.5 · Risk exposure →The bank must calculate a CCR charge for all OTC derivatives, exchange-traded derivatives, long settlement transactions and SFTs, with narrow credit derivative exceptions (CRE51.1 to 51.16).
basel-iii-international-banking-framework::CRE50-53 · Measure counterparty credit risk exposure with SA-CCR or an approved internal model →Above the enumerated list in Article 21(2) sits a duty to size the whole programme correctly. Measures must be technical, operational and organisational together, must protect both the network and information systems and the physical environment those systems...
nis2-directive::Art.21.1 · Take proportionate all-hazards measures calibrated to the entity's own risk exposure →Section 2 summarises quantitative and qualitative assessments of exposure for each material risk category named in Section 1 (for example underwriting, credit, market, liquidity and operational risk) under both normal and stressed conditions, with methods prop...
ORSA-S2 · Guidance Manual Section 2: Insurer's assessment of risk exposures →The managing agent understands its regulatory and financial crime exposure and appetite, and that understanding is challenged. Financial crime risk assessment: carried out every year with a defined scope and resources and compared with appetite, it identifies...
principles-for-doing-business-at-lloyd-s::P11.2 · 11.2 A robust understanding of regulatory and financial crime risk exposure and appetite, subject to challenge →Questions people ask about risk exposure
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