...charge. The framework is based upon the following operational risk definition: the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. This includes legal risk, but excludes strategic and reputational risks. The Committee has proposed...

...direct or indirect loss resulting See FATF recommendations 10 to 19 which are reproduced in Annex 2. from inadequate or failed internal processes, people and systems or from external events. Most operational risk in the KYC context relates to weaknesses in the implementation of banks' programmes,...

...different times in different amounts. • Operations risk — the possibility of financial loss resulting from inadequate or failed internal processes, people and systems, or from external events. As a GSE, the structure of Farmer Mac's board of directors was congressionally established. Its 15-member...

...operational risk definition, specifically: Operational risk is the risk of direct or indirect loss resulting from inadequate or failed internal processes, people, and systems or from external events.2 This definition is a comprehensive, positive, and forward-looking statement that can be adapted...

...of the losses, suffered in the past. Operational risks is understood as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. The definition of operational risks includes legal risks but excludes strategic, reputational and systemic...

...reputational dangers. 12. Operational risk can be defined as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. Most operational risk in the KYC context relates to weaknesses in the implementation of banks' programmes,...

...charge. The framework is based upon the following operational risk definition: The risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. This includes legal risk, but excludes strategic and reputational risks. The Committee has proposed...

...management. The Basel Committee on Bank Supervision defines operations risk as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events." 30 That definition is broad enough to encompass the risk of loss from failures to maintain appropriate...

...management. The Basel Committee on Bank Supervision defines operations risk as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events."30 That definition is broad enough to encompass the risk of loss from failures to maintain...

...Definition des Baseler Ausschusses verwendet: „Operational risk is defined äs the risk of loss resulting from inadequate or failed internal processes, people and Systems or from external events."5 Es werden somit Verluste betrachtet, die infolge der Unangemessenheit oder des Versagens...