Risk Framework
What is Risk Framework?
A structured approach that provides the principles, policies, and processes for managing risk consistently across an organization.
Terms that appear alongside risk framework
Each of these is named in at least one of the same controls as risk framework. The number is how many controls name both.
- governance 12 shared controls
- iso 31000 6 shared controls
- iso 27005 5 shared controls
- policy 3 shared controls
- risk governance 3 shared controls
- risk management policy 2 shared controls
- governance structure 2 shared controls
- risk culture 2 shared controls
Frameworks that govern risk framework
What the standards actually require on risk framework
Requirements naming risk framework across 4 standards, quoted from the control text.
Implement Technology Risk Governance + Technology Risk Management Framework + Information Asset Management per MAS TRM Chapters 2 + 3 + 5.
MAS-TRM-Governance-Chapters-2-3-Board-Senior-Management-Risk-Framework-Information-Asset-Management · MAS TRM Governance + Chapters 2-3 + Board + Senior Management + Risk Framework + Information Asset Management →HKMA SPM international coordination + 2024-2025+ pipeline. INTERNATIONAL COORDINATION: (a) BASEL COMMITTEE ON BANKING SUPERVISION (BCBS) - HKMA implements Basel III capital + liquidity + leverage + LCR + NSFR + IRB + IRRBB + FRTB + SMA op risk + Basel IV emerg...
HKMA-SPM-International-Coordination-2024-2025-Pipeline · HKMA SPM International Coordination (BCBS, IOSCO, FSB) and 2024-2025 Pipeline (Climate, AI, DORA, ESG) →Capability + improvement + integration + coordination ensure that the IRM risk management framework matures and aligns with the wider ecosystem.
IRM-Capability-Training-CMIRM-Improvement-Integration-Coord-ISO31000-COSO-FRC-Walker-Basel-APRA · IRM Capability + Risk Training + CMIRM/Diploma Qualifications + Continual Improvement + Integration with Strategy + Coordination ISO 31000 + COSO ERM + UK FRC + Walker Review + Basel + APRA + GRC Software →Generative AI and Foundation Models require specific governance attention beyond traditional AI risk frameworks per Japan AI Guidelines for Business + augmented by AISI Japan AI Safety Institute + Hiroshima AI Process Code of Conduct + emerging AI Bill.
JP-AIG-Generative-AI-Foundation-Model-Specific-Risks-Hallucination-Watermarking-Copyright-LLM-Multimodal · Japan AI Guidelines Generative AI + Foundation Model Specific Risks + Hallucination + Watermarking + Copyright + LLM + Multimodal + Prompt Injection + Jailbreak + Model Extraction + Pre-Deployment Capability Evaluation + AISI Frontier AI →Questions people ask about risk framework
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