Understanding the Different Operational Risks - Webinar By ComplianceOnline (Banking and Financia)
Venue: Online Event
|Event Date/Time: Sep 20, 2012||End Date/Time: Sep 20, 2012|
Why Should You Attend:
Operational risk is defined by the Bank for International Settlements as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. These four factors; internal processes, people, systems or external events are exceptionally wide-ranging and cover virtually every element of the operations of financial institutions outside of the credit and liquidity aspects.
Operational risk is intrinsic in all banking products, all banking activities, all banking processes and all banking systems. The effective management of all of these operational risks is a basic part of a bankâ€™s risk management program.
This presentation examines each of the operational risks categories as defined by the Bank for International Settlements (such as fraud, employment practices, workplace safety, bank products, business practices, damage to physical assets, process management, business disruption and system failures), and provides a detailed exposition on each risk explaining what they are, why they are risks and providing participants with clear examples of each type.