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3.5.2 RAF monitoring and reporting

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RAF indicators are continuously monitored. However, the periodicity with which underlying data are provided can vary. While for some indicators the underlying data allow for continuous monitoring (e.g. rejected payments), in other cases calculations are periodic (e.g. quarterly, annually), based on the availability of the updated data.

Communications can be issued to inform key stakeholders and risk owners of the RAF indicators outcome, especially in cases in which values are deviating from expected trends and/or are approaching caution or limit thresholds. If thresholds are exceeded, however, specific escalation paths are provided.

Non-financial Risk Management in the Financial Industry

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