These risks, called operational risks, include the major events most likely to cause bank failure, such as massive internal fraud.
Risk: services include enterprise, regulatory, technology, fraud, operational and financial risk.
Besides, it reduces operational risk by securing the transmission route.
Oasis enables identification, analysis and management of operational risk on an integrated, organisation-wide basis.
We're taking an operational risk on that, but one I think is worth it.
"But the readiness to take operational risks that was observed in earlier years has diminished markedly."
Are the buyers and sellers of the insurance exposing themselves to operational risk?
I would like to see the framework take a light touch on operational risk.
By contrast it is relatively difficult to identify or assess levels of operational risk and its many sources.
Historically organizations have accepted operational risk as an unavoidable cost of doing business.