The Potential of RCSAs: Key Findings From RMA’s Industry Survey

In strengthening the ability of organizations to identify process gaps and weaknesses, risk and control self-assessments (RCSAs) have become critical to managing operational risk across an enterprise. Since coming into wide use, the effectiveness of RCSAs has been improved thanks to advances in technology, methodology, and organizational buy-in. Still, opportunities for improvement are evident. In particular, financial institutions are reassessing aspects of their RCSA programs to add …