ORSS

ORSS Operational risk, unlike other types of risks, is a pure one and it is taken by any organization regardless of whether the activities are carried out properly or not.

It is not possible to avoid the assumption of operational risk .What a Company must do, is to learn to identify and manage it.
Basel II directive sets out the essential elements of the effective management of operational risk for banks of any type and size. This is a type of risk that sums to the already regulated credit risks and market risks. Shortly, Basel II defines operational risk, and suggests three methods to determine the capital absorption. It is not simple to identify, measure and manage operational risk; it’s a highly complex , mainly managerial and organizational process indeed.

In view of the tight deadlines that Basel II directive imposed , SDG has supported Banks in managing and measuring operational risk for several years. By the set deadlines, Banks (and others) will have to deal with this new category of risks, operational risk, and set an appropriate internal management process.

The process SDG identified merges a specific methodology (which was developed by experts) , to a tool that offers a comprehensive analysis and management of operational risk.
This is a full-web product, which can be easily integrated into the Compamy’s Intranet, as required by the Basel II directive - operational risk sector.

The tool ORSS meets the requirements introduced by Solvency II, the new system of prudential supervision in accordance with the Directive 2009/138/CE on the taking-up and pursuit of the business of insurance and reinsurance.

Some of our ORSS web Tool Clients: