Transforming the financial industry’s approach to non-financial risk management

"We continually drive to enhance our controls operating model and are pleased to participate in an initiative to verify our controls inventory against our peers and others in the market. The drive to standardise control definitions and processes across the industry will only enhance individual operating models and assist in the identification of real-time issues and incidents. We have been using Acin for the last few months and clearly see the benefits."

“We are delighted to have signed up to the Acin Network to collaborate on industry best practice and gather intelligence for risks and controls. This will support us in our ongoing initiatives to simplify the management of risk - by working with our peers to develop industry-wide common standards, we can improve the effectiveness of risk and control ecosystems.”

“I have seen Non-financial Risk rise in significance. I’ve always wondered what it would take to turn it into an engineering discipline – Acin answers my question."

“If you are going to have operational risk capital, it should be forward looking, fairly calculated, co-ordinated with other capital rules and consistent with reality.”