Operational Risk Management under a Three-Tier Control Framework
First written in FY2017-Q1. 13 of 16 entries say "Restated". Latest entry: FY2022-Q3.
1 other company's latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Nomura manages risk through a governance framework based on three lines of defence.」
Nomura continues to operate three lines of defence comprising front-office functions and all employees, the risk management function, and internal audit. - FY2022-Q2RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function promotes operational risk management. (3) Third line: Internal and external audit provide independent assurance over risk management.」
Nomura continues to operate a three-lines-of-defence framework comprising business units, specialist control functions, and internal and external audit. - FY2022-Q1RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function promotes operational risk management. (3) Third line: Internal and external audit provide independent assurance over risk management.」
Nomura continues to operate a three-lines-of-defence framework comprising business units, specialist control functions, and internal and external audit. - FY2021-Q3RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function promotes operational risk management. (3) Third line: Internal and external audit provide independent assurance over risk management.」
Nomura continues to operate a three-lines-of-defence framework comprising business units, specialist control functions, and internal and external audit. - FY2021-Q2RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function promotes operational risk management. (3) Third line: Internal and external audit provide independent assurance over risk management.」
Nomura continues to operate a three-lines-of-defence framework comprising business units, specialist control functions, and internal and external audit. - FY2021-Q1ReframedAnnual report
「Operational risk includes compliance, legal, IT and cybersecurity, fraud, risks involving outsourced service providers, and other non-financial risks defined in the Nomura Group’s non-financial risk taxonomy.」
Nomura continues to operate a three-lines-of-defence framework and explicitly identifies compliance, legal, IT and cybersecurity, fraud, outsourced service provider, and other non-financial risks as within the scope of operational risk. Internal and external audit are again both listed under the third line. - FY2020-Q2RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the operational risk management framework and promotes its implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit, with oversight by the Integrated Risk Management Committee. - FY2020-Q1RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the operational risk management framework and promotes its implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit, with oversight by the Integrated Risk Management Committee. - FY2019-Q3RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the operational risk management framework and promotes its implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit, with oversight by the Integrated Risk Management Committee. - FY2019-Q1RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the operational risk management framework and promotes its implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit, with oversight by the Integrated Risk Management Committee. - FY2018-Q3RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit. - FY2018-Q2RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal audit. - FY2018-Q1SoftenedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal audit independently reviews the operational risk management framework.」
The three-lines-of-defence framework remains in place, but the reference to external audit, which had been included through the previous disclosure, has been removed from this disclosure. - FY2017-Q3RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal and external audit independently review the operational risk management framework.」
Nomura continues to operate a three-lines-of-defence framework comprising business divisions, specialist control functions, and internal and external audit. - FY2017-Q2RestatedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal and external audit independently review the operational risk management framework.」
The three-lines-of-defence framework comprising business divisions, specialist control functions, and internal and external audit remains in place. - FY2017-Q1First statedAnnual report
「Nomura manages operational risk through the following industry-standard three-lines-of-defence framework: (1) First line: Business units manage their own risks. (2) Second line: The operational risk management function establishes the medium- to long-term policies and framework for operational risk management and promotes their implementation. (3) Third line: Internal and external audit independently review the operational risk management framework.」
The three-lines-of-defence framework, comprising business divisions, specialist control functions, and internal and external audit, is explicitly described.