CBUAE operational risk expectations should be reviewed against the exact current rulebook source for the institution. The practical topic is how licensed financial institutions identify, control, monitor, and report operational risk across people, process, systems, third parties, and external events.
Official source
What the expectations are trying to do
Operational risk management should prevent failures, detect issues, respond to incidents, and reduce loss or disruption. Outsourcing and technology providers matter because provider failures can become operational risk events.
What teams need to do
- Maintain operational risk framework, controls, issue management, and reporting.
- Map provider and technology dependencies to business processes.
- Track incidents, losses, control failures, remediation, and root cause.
- Connect outsourcing, technology, BCM, and compliance evidence.
Evidence to maintain
- Operational risk policies, RCSAs, incidents, losses, and issues.
- Provider and dependency maps.
- Control testing, remediation, and management reporting.
- Continuity and exit evidence.
Common gaps
- Provider failures are not linked to operational risk events.
- Root-cause analysis does not update provider controls.
- Operational risk and outsourcing reporting are separate.
How Halbarad helps
Halbarad helps connect providers, incidents, issues, controls, remediation, dependencies, and reporting into one evidence trail.
Disclaimer
This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.