A risk register is the central record of an organization's identified risks. It lets the organization see its exposure in one place, track treatment and report consistently. Without one, risks live in scattered spreadsheets, audit reports and people's memories, and leadership cannot tell whether exposure is rising or falling. The register is also the evidence that risk management actually happens, which auditors and regulators often ask to see. Each entry typically includes a unique ID, the risk scenario, the risk owner, inherent likelihood and impact, existing controls and their owners, residual rating, the chosen response, treatment actions with owners and due dates, status, linked KRIs and the next review date. A simplified entry might look like this:
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