Designed to meet the specific operational risk management needs of financial institutions, fORM - Operational Risk Management for Financial Institutions - is targeted at those organisations who wish to adopt either the Basic or Standardised approaches as detailed in the latest Basel II Operational Risk Proposals. fORM provides a corporatewide loss events database and facilitates the implementation of the ten principles of Sound Practice for the Management and Supervision of Operational Risk, detailed in the Basel paper issued in December 2001. In addition to this, fORM incorporates the respected Australian / New Zealand Risk Management Standard (AS/NZS 4360:1999) and provides a consolidated picture of operational risks, controls and action plans in accordance with corporate governance requirements throughout all levels of the organisation. Jointly developed by Methodware Ltd (www.methodware.com) and Amelia Financial Systems (www.amelia.co.uk), fORM will provides users with the ability to: Automate and customise the enterprise-wide risk management approach that works for them Empower business units with the ability to assess and manage their own risks Create a culture of risk awareness across the whole organisation Record loss events and near misses across business lines and/or any other permutation, e.g. risk category etc, as required in the Standardised Approach Adopt a holistic approach to risk management with the ability to link loss event data to risks, controls, action plans and entities Consolidate assessments across the organisation and / or over time to monitor changing risk profiles Expand and grow the organisation's risk framework over time