SIRA (Systematic Integrity Risk Analysis)
In order to guarantee the integrity of the financial sector, the law prescribes that an institution must pursue an adequate policy to be able to guarantee ethical business operations. An institution cannot properly comply with integrity legislation without a Systematic Integrity Risk Analysis (SIRA).
But what if this concerns a larger organization, involving multiple departments and/or business lines?
We were asked to improve and implement a bank-wide SIRA 2.0 methodology across multiple business lines and for multiple stakeholders at the same time. The client’s wish was that we would carry out an extensive analysis in a very short time, consisting of 17 different integrity risks.