Sound practice guidance paper on KRIs
As the Chair of the Sound Practice Guidance Committee of the Institute of Operational Risk, I am very pleased to announce the publication today of the revised IOR Guidance on Key Risks Indicators, fully updated since its original edition in 2010.
The document includes:
Section 2: Definitions of different indicators;
Section 3: Role and purpose of KRIs;
Section 4: Desirable features of KRIs;
Section 5: Categorisation of KRIs;
Section 6: Process of designing KRIs: frequency, thresholds and governance;
Section 7: Practical guidance on how to set up and manage a KRI programme;
Section 8: Possible reporting structures on KRIs
Section 9: Validation of indicators ex post;
Section 10 concludes.
Section 11 contains a bibliography of useful references for further reading.
The document is freely downloadable for members of the Institute of Operational Risk. Please visit:
or join the Institute to get access.