Business Terms and Jargon Explained

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.

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Leverage Retail Financial Services Aggravating
Open court Yankee market Yuan
Gross interest Forward Rate Information Commissioner
Leone Chambers Kickback
Debt collection letters In terrorem BRIC
Warranty liability Nominal wage flexibility Operating profit
Tax Form - P9 Kerning Economist
Joint Tenants Deadline Zombie Fund
National Insurance (NI) Tenge Insolvency
Lari Grant of representation Arbitrator or Arbitration
Negative equity Ancillary relief Case
Rational Decision Pro forma Earning asset
PLN Rufiyaa Simple Interest

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

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