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Risk Reporting

What is Risk Reporting?

The communication of risk information to stakeholders through reports that summarize risk levels, trends, incidents, and the status of mitigation activities.

Risk Management

Each of these is named in at least one of the same controls as risk reporting. The number is how many controls name both.

What the standards actually require on risk reporting

Requirements naming risk reporting across 6 standards, quoted from the control text.

BCBS 2394 controls

Supervisors should periodically review and evaluate a bank's compliance with the eleven Principles above (governance, infrastructure, risk data aggregation and risk reporting).

BCBS239-P12 · Review

Lloyds MS11.17 Cyber Risk Quantification and Capital Linkage - cyber risk quantification methodology aligned with PRA Solvency II + Operational Risk Internal Model (where applicable) + standard formula + cyber-specific stressors + scenario analysis (Lloyds Rea...

LLOYDS-MS11-Cyber-Risk-Quantification-Capital-Linkage-Regulatory-Lloyds-Reporting-MS11-17-18-CBEST-FFIEC · Lloyds MS11 Cyber Risk Quantification + Capital + Regulatory + Lloyds Reporting + MS11.17-18

Operate Independent Risk Management per 12 CFR Part 30 Appendix D Section II.C.2. Independent Risk Management must (a) be a function or set of functions separate from the front line units with authority and independence to oversee the design and implementation...

OCCHS-4 · Independent Risk Management: CRO, Charter, Authority, and Oversight

HKMA C-RAF Domain 1 GOVERNANCE + Domain 2 IDENTIFICATION. DOMAIN 1 GOVERNANCE (5 sub-areas): (1) CYBER RISK GOVERNANCE - board + senior management oversight + governance structure + reporting lines + delegation; board cyber-risk literacy + training;

HKMA-CRAF-Domain1-2-Governance-Identification · HKMA C-RAF Domain 1 (Governance) + Domain 2 (Identification) - Cyber Strategy, Risk Management, Asset Management, Threat Assessment
ISMAP (Japan)1 control

ISMAP Cloud Governance establishes the management framework for Cloud Service Providers operating under ISMAP. (1) Information Security Management System (ISMS): based on ISO/IEC 27001:2022 + JIS Q 27001 (Japanese Industrial Standard equivalent) + ISMS-AC Info...

ISMAP-CloudGovernance-ISMS-RiskAssessment-SharedResponsibility-Policy-RegulatoryCompliance-RolesResponsibilities · ISMAP Cloud Governance - ISMS per ISO 27001/JIS Q 27001 + Risk Assessment + Shared Responsibility Model + Cloud Security Policy + Regulatory Compliance + Roles and Responsibilities

Questions people ask about risk reporting

What is Risk Reporting?
The communication of risk information to stakeholders through reports that summarize risk levels, trends, incidents, and the status of mitigation activities.
Why is Risk Reporting important for compliance?
Risk Reporting is a key concept in Risk Management. Understanding risk reporting 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 Reporting?
Risk Reporting appears in the requirement text of IRM Enterprise Risk Management Framework (Institute of Risk Management), BCBS 239, Lloyd's Minimum Standards - Cyber Security, OCC Heightened Standards (12 CFR Part 30, Appendix D), HKMA Cyber Resilience Assessment Framework (C-RAF). Across these standards we have identified 12 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Reporting?
Explore our compliance framework pages to see how risk reporting 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 Reporting 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.