Risk Governance - FRM Part 2 2025 - Operational Risk and Resilience

Learn about operational risk governance frameworks and regulatory expectations in this comprehensive FRM Part 2 video lecture covering Basel requirements, committee structures, and risk management best practices. Explore the three lines of defense model for operational risk governance while understanding the distinct roles and responsibilities of different committees and the board of directors. Master the development of risk appetite frameworks and strong risk culture in accordance with regulatory standards. Delve into key topics including regulatory Pillar 1, supervisory review processes, risk identification methods, quality control measures, and organizational committee structures from bottom-up approaches to board-level oversight. Gain practical insights into implementing clear definitions and best practices for operational risk management that align with Basel regulatory expectations and GARP standards.