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Operational risk - Financial definition

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Translations:      FR  risque opérationnel (n.m.)     ES  riesgo operacional (n.m.)     DE  operationelles Risiko (n.n.) 

Concise definition of the term operational risk

Risk of a financial or reputational loss resulting from deficiencies in information systems or internal processes, human errors, management failures or disruptions from external events.

Comprehensive definition of the term operational risk

With its inclusion in the Basel II framework, operational risk has become a category of risk that banks are required to identify, measure and anticipate.

Additional information related to this definition

Definition of related term

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