Participate in a discussion on the need for RCSA policies and the importance of RCSA with information security as a focal point. At the end of the discussion, submit a summary of your learning as bulleted list that explains the relevance of RCSA policies.

Explanation:The relevance of the RCSA (Risk Control Self-Assessment) is to establish a consistent framework for assessing Operational Risk and the overall effectiveness of the internal control environment across the bank. It's data can be used to compute capital charge for operational risk, it is the building blocks for Advance Measurement Approach (AMA). Moreover, Operational risk is the risk of loss resulting from a failed internal processes or from external events. It includes reputation and franchise risk associated with a bank’s business practices or market conduct. It also includes the danger of failing to adhere with applicable laws, regulations, regulatory administrative or bank’s policies. It does not include strategic risk or the risk of loss resulting solely from judgments made with respect to taking credit, market, interest rate, liquidity, or even insurance

answer; silence;

answer; criminal law;