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Monthly Archives: April 2015


RCSA – Risk Control Self Assessment

RCSA RCSA (Risk Control Self Assessment) is an empowering method/process by which management and staff of all levels collectively identify and evaluate risks and associated controls. It is a technique that adds value by increasing an operating unit’s involvement in designing and maintaining control and


Operational risk management for banks

Operational Risk Operational Risk (OR) is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk but excludes reputational and strategic risks. According to the Basel II accord, a


Farewell, Sabeen

Farewell, Sabeen. I think she had the most fun today. Sabeen Mahmud, a fluent speaker of colloquial French in many languages, would have had a field day with words.  Starting off with “the bastards never showed up in such large numbers when I was alive”.


Right back at you, Sabeen Mahmud

You made me cry, Sabeen Mahmud. Karachi is an insane city. A true Karachiite can never live anywhere else. A visitor can never understand why that is so.  The fascination is irrational and does not compute. Some think it is an asylum gone wild, others