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Banking Industry Solutions

Risk Control Management System

The impact of regulatory initiatives increases the pressure on financial institutions all over the world to reduce their operational risk and to control it effectively. As many banks have significant operations beyond their domestic markets by acquiring customers abroad, they are geared to comply with international standards as well. Banks are constantly driven to develop more sophisticated tools for assessing, monitoring and managing risks.Risk control takes that information gained during risk assessments and develops and applies changes to control the risks. Risk control can involve the implementation of new policies and standards, physical changes and procedural changes that can reduce or eliminate certain risks within the business. Risk control is an important action taken by firms that is intended to proactively identify, manage and reduce or eliminate risks.