trigger operational risk. The process to manage operational risk is known as operational risk management. The definition of operational risk, adopted...

Operational risk management (ORM) is defined as a continual recurring process that includes risk assessment, risk decision making, and the implementation...

schemers such as Arthur Nadel, Jérôme Kerviel and Bernard Madoff. Operational risks are the risks arising from execution of the business functions of any entity...

market risk, liquidity risk, credit risk, business risk and investment risk. The four standard market risk factors are equity risk, interest rate risk, currency...

credit risk and market risk, with more specific variants as listed aside - as well as some aspects of operational risk. As for risk management more generally...

ongoing risk assessment, risk decision making, and the implementation of risk controls. For the offshore oil and gas industry, operational risk management...

of Company Directors) however splits risk into three super groups Financial Risk Operational Risk Strategic Risk Analysts disagree on how these aspects...

Financial risk arises from uncertainty about financial returns. It includes market risk, credit risk, liquidity risk and operational risk. In finance, risk is...

contribute to companies' operational risks. This term is also sometimes referred to as political risk; however, country risk is a more general term that...

and hedged - using a standardised approach); Operational risk - A standardised approach for operational risk for a bank based on income and historical losses...

of the activity/project. KRIs are a mainstay of operational risk analysis. According to OECD A risk indicator is an indicator that estimates the potential...

the market risk factors. Operational risk: risk arising from the execution of a company's business functions. Reputational risk: a type of risk related to...

types or categories of risk. Most companies rely on 'risk scores' of various types such as financial risk score, operational risk score, resiliency score...

In the context of operational risk, the standardized approach or standardised approach is a set of operational risk measurement techniques proposed under...

Credit risk is the chance that a borrower does not repay a loan or fulfill a loan obligation. For lenders the risk includes late or lost interest and...

Information technology risk, IT risk, IT-related risk, or cyber risk is any risk relating to information technology. While information has long been appreciated...

Financial risk Pricing risk, Asset risk, Currency risk, Liquidity risk Operational risk Customer satisfaction, Product failure, Integrity, Reputational risk; Internal...

guard against the financial and operational risks. The regulations aimed to ensure that the more significant the risk a bank is exposed to, the greater...

recommendations for improvement; see aside. "Operational Audit". daf.csulb.edu. 2011-12-22. Retrieved 2013-12-28. Internal auditing Risk-based auditing...

discipline and encourage sound banking practices. Capital requirements for operational risk were introduced for the first time. The ratio of equity and credit...

initial definition of operational risk, and it depends on the bank or corporation whether or not they use the term operational risk synchronously with NFR...

percentage of risk-weighted assets. These requirements are put into place to ensure that these institutions do not take on excess leverage and risk becoming...

client-driven franchises. Risk management groups such as credit risk, operational risk, internal risk control, and legal risk are restrained to internal...

Implementation Group (SIG) Operational Risk Subgroup: addresses issues related to Advanced Measurement Approach for Operational Risk Task Force on Colleges:...

risk modeling Kelly criterion Key risk indicators Operational risk management Risk management St. Petersburg paradox (an imaginary game with no risk of...

Basel II classified legal risk as a subset of operational risk in 2003. This conception is based on a business perspective, recognizing that there are...

The Journal of Operational Risk is a bimonthly peer-reviewed academic journal covering the measurement and management of operational risk. It was established...

The Institute of Operational Risk was established in January 2004 and in accordance with the requirements stipulated by the UK Secretary of State in regard...

variety of risks. As above, such risks are typically grouped into credit risk, market risk, model risk, liquidity risk, and operational risk categories...

disciplines such as operational risk, financial risk and underwriting risk management, the concepts of risk, risk management and individual risks are nearly interchangeable;...