Operational risk: Difference between revisions
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*Legal risk; and | *Legal risk; and | ||
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Also known as ''operational exposure.'' | |||
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* [[Big data]] | * [[Big data]] | ||
* [[Credit risk]] | * [[Credit risk]] | ||
* [[Exposure]] | |||
* [[Financial risk]] | * [[Financial risk]] | ||
* [[General Data Protection Regulation]] | * [[General Data Protection Regulation]] | ||
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* [[Reputational risk]] | * [[Reputational risk]] | ||
* [[Rewarded risk]] | * [[Rewarded risk]] | ||
* [[Risk]] | |||
* [[Standardised Approach]] | * [[Standardised Approach]] | ||
* [[Systems risk]] | * [[Systems risk]] | ||
Revision as of 05:11, 1 April 2022
Risk identification and management.
(OR).
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.
Also known as operational exposure.
See also
- Basic indicator approach
- Business risk
- Big data
- Credit risk
- Exposure
- Financial risk
- General Data Protection Regulation
- Guide to risk management
- Legal risk
- Market risk
- Operations risk
- Performance risk
- Reputational risk
- Rewarded risk
- Risk
- Standardised Approach
- Systems risk
- Transaction risk
- Treasury risk
- Unrewarded risk
- Weather risk
