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.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

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   

Consignee Banned And Restricted Goods Audit Report
Kyat Ward of Court Et cetera
Gaming Duty Profit and Loss Responsibility VLO
Co-operative Bona fide Fiat money
N434 Civil Court form PRODCOM Committal for sentence
T-account Sub nomine Joint Tenants
Agency agreement Uberrimae fidei Cartel
SSL - Secure Sockets Layer Covenant Integrated Emergency Management
Procureur Public relations In limine
Voidable Womb to Tomb Repo
Vendor SHA224 Arbitrage
Floatation Alibi Keiretsu
Calculated risk JP United Kingdom

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.