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   

Quantity Demand Percentage Rent Balance Transfer Talis qualis
Net Book Value In company Training Judgment Lien N6 Civil Court form
Domicile of dependency Sanction Tax Form - P6 Market equilibrium
Public relations Nisi RAR List Price
Free Trade Nontrade receivables Appraisal Political Risk
Litigation Petty Cash WCO Sniffing
Appraiser Aggregate holding company In limine Consultancy agreement
Free Zone Export CMO EMEA
Standing Order CPEI Vexatious Litigant EPC
Calculated risk Doli incapax KITING Going Forward

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 © 2004-2019 Scopulus Limited. All rights reserved.