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Guidance Note Systematic Operations Skating Tool (SORT) June 25, 20141 I. Introduction1. The objective of the Systematic Operations Risk rating Tool (SORT) is to help the World Bank consistently assess

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What is systematic operations risk-rating tool?

Systematic operations risk-rating tool is a tool used to assess and quantify the level of operational risk within a financial institution.

Who is required to file systematic operations risk-rating tool?

Financial institutions are required to file systematic operations risk-rating tool.

How to fill out systematic operations risk-rating tool?

Systematic operations risk-rating tool is filled out by evaluating various operational risk factors and assigning a rating to each.

What is the purpose of systematic operations risk-rating tool?

The purpose of systematic operations risk-rating tool is to help financial institutions identify and manage potential operational risks.

What information must be reported on systematic operations risk-rating tool?

Information such as key operational risk indicators, risk management processes, and mitigation strategies must be reported on systematic operations risk-rating tool.

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