Risk Starter
Risk Events
Record operational risk losses in compliance with Basel criteria and other regulations, for effective loss recording and analysis.
The Risk Event module records operational risk losses in line with Basel criteria and standards such as ISO 31000. It helps you record and analyse losses while meeting regulatory reporting, surfacing management information that supports proactive risk management.
Aligned to Basel risk-event categories
The module includes multiple classifications for risk-event categories as defined by Basel, with all taxonomies aligned to industry best practice and regulatory requirements.
Analyse losses across multiple dimensions
Risk events can be analysed across many dimensions, giving you the level of granularity that suits diverse operational needs.
- Risk types
- Controls
- Processes
- Products and more
Built-in regulatory compliance
Record regulatory breaches, fines and losses directly within FinMio Risk, for thorough and reliable reporting.
Part of a complete platform
Risk Events sits alongside the wider FinMio offering, so loss data connects to the rest of your operational risk programme.
- Risk Appetite
- Issues & Actions
- Key Risk Indicators
- Scenario Analysis
- Lessons Learned
Frequently asked questions
What is the Risk Events module used for?
It records operational risk losses in compliance with Basel criteria and standards such as ISO 31000, then helps you analyse those losses to support proactive risk management.
Which dimensions can risk events be analysed by?
Risk events can be analysed across many dimensions including risk types, controls, processes and products, offering varying levels of granularity.
Does it support regulatory reporting?
Yes. You can record regulatory breaches, fines and losses directly within FinMio Risk for thorough and reliable reporting.
Explore the rest of the platform
See Risk Events in FinMio
Book a walkthrough and we'll show you how this module fits into your risk programme, end to end.