‘Organisational Structures for Enterprise and Operational Risk’

Published: Thursday, 13 February 2020 09:17

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has published a benchmarking paper examining the organizational structures for enterprise and operational risk within market infrastructures (MIs).

The study, ‘Organisational Structures for Enterprise and Operational Risk’, undertaken by the WFE’s Enterprise Risk Working Group (ERWG) as a first step to agreeing and harmonising industry enterprise risk management (ERM) practices - is unique in seeking to understand and detail the way in which exchange and CCP operators structure their approach to risk management through dedicated teams; and the relationship with other parts of their organizations. It also outlines how governance arrangements feed up to the board level, and how necessary independent assurances operate.

Key findings from the study are:

Read the document.