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