Why an industry standard
Same regulators.
Same obligations.
Why a different framework in every organisation?
01
Set it once
Frameworks, policies and terminology set once for the whole industry, instead of every organisation paying to build its own version of the same thing.
02
Speak the same language
The same terms, ratings and reports across organisations, so boards, business and risk professionals all mean the same thing.
03
Take it anywhere
Experts and employees move across organisations and industries already knowing the standard. Boards and regulators read reports they already understand.
The substance
Managing risk is simple.
Risk appetiteHow much risk we accept
+
Effective controlsDesigned and operating to keep us within it
=
Management of riskThe substance
Everything else is just how we speak, document and report it. That should be standard.
Industries
One standard across five sectors.
Banking
Banks, authorised deposit-taking institutions and lenders.
Finance
Credit providers, payments and financial services firms.
Superannuation
Super funds and trustees.
Insurance
General, life and health insurers.
Investment
Fund managers, platforms and investment firms.