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Operational risk cannot be managed successfully with a few spreadsheets or databases developed by an internal risk management department. In fact, one of the biggest mistakes an institution can make is to rely on simplistic and traditional solutions, which can lead to less than ideal choices about managing operational risk. easy2comply enables organizations to efficiently meet and adapt to internal operational risk practices as well as external regulations such as: Basel II, Solvency II, FSA mandates and others by automating and simplifying the process of collecting, storing, analyzing, tracking and reporting on information relevant to operational losses, risk and control assessments, definition and management of key risk indicators and scenarios.
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