Operational risk: Difference between revisions
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imported>Doug Williamson (Amend link.) |
imported>Doug Williamson (Add links.) |
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== See also == | == See also == | ||
* [[BIA]] | |||
* [[Business risk]] | * [[Business risk]] | ||
* [[Big data]] | * [[Big data]] | ||
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* [[Unrewarded risk]] | * [[Unrewarded risk]] | ||
* [[Rewarded risk]] | * [[Rewarded risk]] | ||
* [[STA]] | |||
* [[Systems risk]] | * [[Systems risk]] | ||
* [[Weather risk]] | * [[Weather risk]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 11:17, 29 October 2016
Operational risk is the risk of adverse effects resulting from inadequate or failed internal processes, people and systems and / or external events such as adverse changes to the economic environment.
Investors in companies generally expect the Board to mitigate or minimise these risks, to ensure that they cause as little harm as possible to the organisation.
Operational risks include - among others:
- Operations risk;
- Systems risk;
- Legal risk; and
- Weather risk.
