Question: Analyse the figure below to differentiate between risk performance and control indicators. Use appropriate examples to substantiate your arguments. In addition, explain the concept of

Analyse the figure below to differentiate between risk performance and control indicators. Use appropriate examples to substantiate your arguments. In addition, explain the concept of key risk indicators for operational risk management in detail.

Figure: KPIs, KRIs and KCIs Key Risk Indicator Change in likelihood or impact. linked to RCA Key Indicators Key Performance Indicator Key Control Indicator Change in business Change in design or performance, linked to performance, linked to RCA

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