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Operational Risk

What is Operational Risk?

Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, people, systems, or external events. It is the risk of disruption, financial loss, or damage to reputation that arises from operational failures within an organization. Operational risks can manifest in various ways and impact different areas of an organization, including: Internal Processes: Inefficient or flawed internal processes, such as errors… Read More »What is Operational Risk?