Operational Risk Management...

Wednesday, December 24, 2003

This holiday, look with fresh eyes on everyday things

Wishing you a wonderful 2004!

The 1SecureAudit Leadership Team

Peter Higgins
Managing Director

David Bailey
Senior Partner

Posted by Ed at 12/24/2003 11:15:00 PM

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About

Operational Risk is defined as the risk of loss resulting from inadequate or failed processes, people, and systems or from external events. The definition includes legal risk, which is the risk of loss resulting from failure to comply with laws as well as prudent ethical standards and contractual obligations. It also includes exposure to litigation from all aspects of an institutions activities.

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