(a) regularly monitor material
Exposures to Operational Risk losses;
(b) ensure that appropriate reporting mechanisms are in place at its
Governing Body, senior management, and business line levels to support effective management of the Authorised Firm's Operational Risk; and
(c) immediately notify the
DFSA of any material Operational Risk event including notification of any resulting financial impact, positive or negative, associated with such event.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]