Business terms and jargon explained. Your business dictionary

What is Operational risk

The risks associated with the internal failure of systems or people, or the risk arising from external events. These are risk events such as internal fraud, the failure of internal IT infrastructure (e.g. for payment and settlement) or external factors such as terrorism, which have the potential to impact on the institutions ability to carry out its business.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Apple polisher Bail Complaints Commissioner to the Bar Council Profit and Loss Responsibility
Average Total Cost (ATC) Executrix-dative Statement of Account Labour
Outward Processing Relief Wanton Bankrupt Merit Good
Resource Allocation Paying Agent Underwithholding EAT
Spoofing Escrow Personal Rights Tynwald
Fixed Cost Offer Privileged Will Residual Input Tax
FIO Double Deflation Directors Yen bond
Black knight Excise Warehouse Cost Center adeem
Confidentiality agreement Promotion PERT chart Narrowband
Dram Obscuration Enterprise Value Intestate

Term created / updated 2007-05-22 14:19:32

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2018 Scopulus Limited. All rights reserved.