Part II BILD: There is no end to the crisis in Greece. Yet again, more than € billion of credit is to be given to them. But isn’t the country a bottomless pit? Draghi: The Greeks have passed very many important reforms in parliament. If they also implement these, the country has a chance to get itself out of the current downward spiral.
This has resulted in an ERM data model that incorporates granular risk profiling that is integrated with internal audit issue log information and the Bank’s incident reporting records. In practice, any incident or audit issue arising is mapped to an enterprise risk, and over time a comprehensive view can be formed on how certain risks are manifesting themselves and being managed.