IEEE P3842

New IEEE Standard - Active - Draft.
This standard specifies the general technical requirements for a Financial Comprehensive Risk Management System. The system is designed to assist financial institutions in addressing multiple types of risks, including credit risk, operational risk, and market risk. By integrating advanced technologies such as big data, artificial intelligence, and large language models, it enables comprehensive, systematic, and dynamic risk management. Supported by real-time data collection, multi-source integration, and intelligent analysis, the system provides end-to-end management capabilities covering pre-event intelligent early warning, in-process precise intervention, and post-event efficient handling. It offers data-driven intelligent support for risk decision-making in financial institutions and facilitates the digital transformation and intelligent upgrading of the industry’s risk management framework.

This standard covers the aspects concerning the development and maintenance of financial comprehensive risk management systems, mainly including the system's functional and technical architecture.