Operational Risk Management...

Friday, March 26, 2004

On Travel...

This blog will resume on April 9th, 2004

Posted by Ed at 3/26/2004 06:32:00 PM

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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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