"Because we've learned that risk does not respect national borders, our plan will not focus solely on improving the basic framework in the United States.

VOA: standard.2009.03.25

This includes reviewing the operational risk framework, the effectiveness of the business self-assessment process, and the loss data-collection and reporting activities.

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Going forward the bank should actually apply the Equator Principles, a voluntary credit risk management framework with a set of guidelines for environmental and social risk assessment in sustainable project finance activities.

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The WEF this year is setting out to create a stronger risk mitigation framework and early warning mechanism for the globe, specifically designed to deal with the tensions and dilemmas that abound.

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