Business terms and jargon
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What is Operational riskThe 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.
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Term created / updated 2007-05-22 14:19:32
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