Exemplary sentence of transcript | Deductively coded cost characteristic | Inductively derived cost variable | Assigned value variable |
There is too much information that needs to be processed in order to manage the risks. | Int. regulatory requirement | inappropriate | applicable |
It is not clear from the beginning on which regulation applies to what extent to a bank in the international environment. | Int. regulatory requirement | unclear | under-standable |
Every regulator has its own approach and different definitions even in sometimes overlapping regulatory systems such as the EU and Germany. | Int. regulatory requirement | divergent | unified |
The requirements are not always transparent as standards are additionally applied. | Int. regulatory requirement | in transparent | trans-parent |
There are many internal alignment discussions about local requirements. | SCRM approach | decentral | central |
Local needs have been simply covered by taking what one unit had and trying to adjust it. | SCRM approach | inadequate | adequate |
There are different processes and many checks in place internally, which are sometimes not even necessary and which make the whole risk management truly complex. | SCRM approach | complex | simple |
There is no standard process for detecting newly arising regulation or standards fast enough and being able to start thinking of an end-to-end management and implementation early enough. | SCRM approach | atomistic | holistic |