Risks and losses that are caused from reputational damage are not part of the Pillar I Basel II regulatory requirements, but a framework or reputation risk initiative still needs to be developed by risk departments in banks.
If banks are unable to dimension what drives reputational damage in their organisations, they can't really say they have completed Pillar II for Basel. In this blog posting, a small presentation has been supplied as the outcome of an exploratory exercise into how to launch a reputational risk campaign in a bank. This is one of the artifacts from a recent operational risk workshop that was run in Dubai.
If banks are unable to dimension what drives reputational damage in their organisations, they can't really say they have completed Pillar II for Basel. In this blog posting, a small presentation has been supplied as the outcome of an exploratory exercise into how to launch a reputational risk campaign in a bank. This is one of the artifacts from a recent operational risk workshop that was run in Dubai.