Risk Metric
What is Risk Metric?
A quantifiable measure used to track and communicate the level of risk exposure and the effectiveness of risk management activities.
Frameworks that govern risk metric
What the standards actually require on risk metric
Requirements naming risk metric across 2 standards, quoted from the control text.
OSFI B-132 controls
Establish governance + risk management + three lines of defense per OSFI Guideline B-13 Technology and Cyber Risk Management (issued July 2022, effective 1 January 2024).
OSFIB13-1 · Governance, Risk Management, and Three Lines of Defense →Disclose RWA by risk type and the key risk metrics, including the standardised-approach comparison required for banks using internal models, to support market discipline.
BASEL3-DIS-2 · Risk-Weighted Assets and Risk Disclosures →Questions people ask about risk metric
What is Risk Metric?
A quantifiable measure used to track and communicate the level of risk exposure and the effectiveness of risk management activities.
Why is Risk Metric important for compliance?
Risk Metric is a key concept in Risk Management. Understanding risk metric helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Risk Metric?
Risk Metric appears in the requirement text of OSFI B-13, Basel III International Banking Framework. Across these standards we have identified 3 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Metric?
Explore our compliance framework pages to see how risk metric applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.
See how Risk Metric applies across compliance frameworks
Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.
Written and maintained by Gerard Blokdyk, The Art of Service.